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?

Regulation for Federal Financial Assistance

SUPPLEMENTARY INFORMATION: I. Executive Summary The Office of Management and Budget (OMB) proposes to revise several parts of the OMB Guidance for Federal Financial Assistance located in title 2 of the Code of Federal Regulations (CFR), subtitle A, to improve and...

Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the National Credit Union Administration

SUPPLEMENTARY INFORMATION: Table of Contents I. Background II. Legal Authority III. The NCUA Licensing Proposal IV. The NCUA Standards Proposal V. General Request for Comment VI. Regulatory Procedures I. Background On July 18, 2025, President Trump signed the GENIUS...

A CUSO Business Model That “Shows Credit Unions The Money” – NACUSO

By Guy MessickAdvisorNACUSO Business Services “Show me the money!” Credit unions are having a Jerry Maguire moment. Credit unions need more money and they need it now. To remain competitive, it is essential that credit unions grow to meet the changing expectations of...

Breaches Double at FIs

News of the second Kmart credit card breach in three years at the retailer and the number of breaches at financial institutions doubling this year over the same period in 2016 should raise concerns. Security experts provided strategies to credit unions and businesses...

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.

People

The $11 billion Golden 1 Credit Union in Sacramento appointed Allyson Hill as SVP, CFO. Hill served as Golden 1's vice president controller since 2012. In her new role, Hill directs financial plans and policies to ensure the credit union maintains long-term financial...

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...