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?

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...

Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rule

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is seeking comment on a proposed rule that would increase two thresholds in its regulation implementing management official interlocks for purposes of the Depository Institution...

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....

Florida Credit Union Completes Bank Purchase

The $979 million IBM Southeast Employees Credit Union said it finalized the acquisition of the $109 million Mackinac Savings Bank in Boynton Beach, Fla. on Wednesday. The CU Times initially reported in December that the Delray Beach-based credit union filed...