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...

Mobile Banking Becoming Default Digital Standard

More than half of active digital banking users plug into mobile regularly and for some financial institutions, the percentage is even better than 70%, according to the Austin, Texas-based Malauzai Software. For its May Monkey Insights report Malauzai, a mobile and...

Senate Taking Slow Route to Dodd-Frank Overhaul

As the House prepared to pass a Republican plan to overhaul Dodd-Frank, Senate Banking Chairman Mike Crapo (R-Id.) said Thursday that his committee won’t produce its bill for at least several months. And the goal, Crapo said, is to produce a bipartisan package...

Did You Know? CU Edition

I have a lot of questions for credit union executives, marketers, tellers and pro- and anti-credit union lobbyists. And for this column I’m taking a break from Dodd-Frank, peer-to-peer payment trends and any credit union employee that has been busted for fraud...

Credit Unions Gain on Other Consumer Lenders

Credit unions accelerated consumer lending twice as fast as other financial institutions in April, primarily with the power of auto loans, the Federal Reserve reported Wednesday. Total consumer credit stood at $3.8 trillion on April 30, up 5.9% from a year earlier,...

Penn. CU Helps Undercover Cops Nab Instagram Fraudsters

The $5 billion Pennsylvania State Employees Credit Union in Harrisburg worked with undercover police investigation that led to the arrest of three Philadelphia men who allegedly used Instagram to steal from financial institutions. Pennsylvania Attorney General Josh...

5 CU Strategies for Transformation: Disruption ‘17

When you get a relatively cozy credit union crowd together for two days in the heart of the credit union universe, some interesting things happen. On day two of Disruption ’17 by CU Water Cooler, in Madison, Wis. there was a sense of impending good coming to the...