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...

Machine Learning Teaching CUs About Security & Optimization

The irony is not lost on how nonhuman interaction using machine-learning capabilities in financial technology could supply a more personalized member experience, as well as added security and operations performance. The usage of AI, and its subset machine learning, is...

Another CU Sues Chipotle Over Alleged Data Breach

A second credit union is suing Chipotle for damages related to the fast-casual restaurant company’s recent alleged data breach. Benton, Ark.-based Alcoa Community Federal Credit Union filed a class-action suit against Chipotle on May 26 in a Colorado District...

What Tech Traps Are Examiners Looking For?

Almost half of financial organizations reported being examined by regulators in the last 12 months, according to Smarsh’s 2017 Electronic Communications Compliance Survey, and examiners are looking more closely at firms’ communications. However, although...

Tech CU, Bellco CU Welcome New Leadership

This past week, seven credit unions announced promotions, new hires and retirements. In addition, CUNA Mutual Group, Arch Mortgage Insurance Group and La Macchia Group shared news about their executive teams. WEST The $2.2 billion Technology Credit Union in San Jose,...

3 Reasons Financial Wellness Might Sting

Two new financial wellness reports contain sobering thoughts for workers and employers, and the financial professionals who serve them. Prudential Financial Inc. has published a guide to financial wellness programs by two of the company's top...

Space Coast CU Names New CEO

Board members of the $4 billion Space Coast Credit Union were working on a leadership succession plan when their President/CEO Douglas Samuels died suddenly and unexpectedly at the age of 57 on May 12. “Always the watchdog, Doug expressed a concern to the...