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?

Records Preservation Program and Appendices-Record Retention Guidelines; Catastrophic Act Preparedness Guidelines

AGENCY: National Credit Union Administration (NCUA). SUMMARY: On March 11, 2026, the NCUA (or `agency') published a proposed rule to solicit comments on ways to improve and update the vital records preservation program regulation and accompanying guidelines. Based on...

Dependent Care and Board Member Expense Reimbursement

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board is amending its regulations concerning the reimbursement of reasonable expenses for federal credit union (FCU) officials. The amendment revises the definition of compensation to exclude...

Preemption-Federal Credit Union Non-Interest Charges and Fees

SUPPLEMENTARY INFORMATION: I. Introduction A. Background Federal credit unions (FCUs) routinely rely on third parties for a range of products and services.[1] In particular, third parties are crucial to FCUs' provision of payment cards, which are vital and deeply...

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.

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...

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...