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...

Court Rejects CU Manager’s Appeal for Lighter Sentence

A convicted credit union business relationship manager argued he should have received a lighter sentence because he used some of the millions in fraudulent loans to keep a struggling company afloat and pocketed just under $200,000 for himself. A three-judge panel of...

Cognitive Awareness for Better Decisions

Emotional intelligence, self-awareness and commitment to understanding others are traits of a good leader. These leaders make sound decisions based on the best available data. But what if the natural automatic workings of the mind interfere with these traits? The...

Breaches Setting Blistering Pace, 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 2016 should raise concerns. In the second of two-articles, security experts provide strategies to...

Golden 1, SAFE CU, UFCU Appoint Leaders

From coast to coast this past week, credit unions announced hires, promotions and staff accolades. Plus, marketing agency BrownBoots hired a new manager. WEST The $11 billion Golden 1 Credit Union in Sacramento appointed Allyson Hill as SVP, CFO. Hill served as Golden...

Millennials Ready to Become Business Owners

Millennials -- more than any other generation -- are itching to hang out their own shingle, and would do so if they had right partners to support their efforts -- especially with capital, so says the study, Generational Views of Entrepreneurship and Small...

On the Horizon: Compliance Issues

In several “Star Trek” series, an alien villain known as the Borg travels the galaxy, assimilating creatures from all walks of life into its space-borne collective. Serious fans know that it's almost impossible to escape the Borg and its nefarious designs....