Credit Union Industry News & Updates

The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.

WHAT’S GOING ON AT CREDIT UNIONS?

Request for Information Regarding Enhancing and Streamlining Data Collection From Credit Unions

AGENCY: National Credit Union Administration. ACTION: Notice; request for information. SUMMARY: The National Credit Union Administration (NCUA) is issuing this request for information (RFI) on opportunities to enhance and streamline NCUA's data collections....

Bank Conversions and Mergers, Subpart C-Merger of Insured Credit Unions Into Banks

( printed page 21391) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the merger of insured credit unions into banks. The Board proposes to eliminate certain prescriptive procedural,...

Sharing is Daring – NACUSO

By Nate AndersonPresident & CEOrekindle The Control Conundrum My local community hosts a Tuesday night “running group.” They run together, then go out for drinks and food afterward. Every week they do this.  I’ve known about this group for over a year and have yet to...

Auto Loan Fraud Losses Accelerate at Credit Unions

Just as credit union executives spend a lot of time thinking about how to better serve their members, criminals spend a lot of time thinking about fraudulent schemes to get loans, particularly auto loans.

FocusReport: Fraud

Fraud comes in many forms these days, and credit unions should keep their eye on one in particular – auto loan fraud, which is expected to cause $6 billion in losses this year. Learn more in this Focus Report.

House Passes CHOICE Act, Senate Action Unlikely

The House on Thursday passed House Financial Services Chairman Jeb Hensarling’s (R-Texas) bill to overhaul the Dodd-Frank Act; the bill now goes to the Senate, where it is expected to die. The House passed the measure 233-186, with no Democrats supporting it and...