CU Direct's Innovation Lab opened in Irvine, Calif., in March. LAS VEGAS – CU Direct’s 2017 Drive conference came two months after the grand opening of the Ontario, Calif.-based lending CUSO’s Innovation Lab in Irvine, Calif., and so far, the...
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?
Credit Unions on Fire in Hot Economy
Credit unions are setting new records and outperforming banks this year as the U.S. economy remains robust, industry analysts said Thursday. Credit union growth is being fueled by record numbers of new members and current members borrowing more heavily. Members on...
NCUA Proposes Changes for Merger Disclosures & Transparency
An estimated 75% to 85% of credit union consolidation agreements contain significant merger related compensation for top executives, but this information is usually not disclosed to members before they vote on merging their credit union. That may change this year if...
Breach Management Must Focus on Response, Recovery: CU Direct’s Drive
Speakers explained what hackers earn on the black market for personal information they steal online. LAS VEGAS – Due to advancing technologies and a growing amount of internationally-connected data floating around in the world, credit unions and other...
Hensarling Dumps Durbin Repeal in Loss for Credit Unions
House Financial Services Chairman Jeb Hensarling (D-Texas) says he will drop the repeal of the so-called Durbin Amendment from his Dodd-Frank overhaul plan rather than jeopardize the entire bill. “I’ve said before that repeal of the Durbin amendment was...
NCUA Board Seeks Uniformity in Appeals Process
The NCUA board on Thursday agreed to issue proposed rules that would standardize the appeals process that credit unions may use if they disagree with agency actions. The proposed rules would replace provisions that are scattered throughout the regulations governing...