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?

The NCUA Staff Draft 2026-2027 Budget

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA's staff draft “detailed business-type budget” for 2026 and 2027 was made available for public review in the Federal Register as required by federal statute on September 29, 2025 as docket number...

2

By Devin Hughes SVP Lender PartnershipsLendKey Against a backdrop of decreasing interest rates, emerging competitors, and federal reforms that upend old certainties, the stakes for credit unions heading into their 2026 planning sessions are as high as they have been...

The NCUA Staff Draft 2026-2027 Budget

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA's staff draft “detailed business-type budget” for 2026 and 2027 was made available for public review in the Federal Register as required by federal statute on September 29, 2025, as docket number...

The State of Phishing & W-2s

Seventy-six percent of organizations experienced phishing attacks in 2017 and nearly half of information security professionals said the attack rate increased from 2016. Meanwhile W-2 tax-scams are now in season. Pittsburgh-based Wombat Security Technologies released...

Louisiana League Names New CEO

Robert Gallman, the new president/CEO of the Louisiana Credit Union League The board of directors of the Louisiana Credit Union League said Wednesday that Robert Gallman will become the new president/CEO of the statewide trade organization on March 1. He succeeds the...

‘Bankers as Buyers’: FIs in Better Shape Than in Many Years

U.S. financial institutions entered 2018 in better financial shape than in many years. This upturn provides great opportunity for growth and future innovation for banks and credit unions across the country. That is one of the viewpoints presented by William Mills...

U.S. Consumer Sentiment Tops Estimates on Jobs & Income

U.S. consumer sentiment exceeded analyst estimates in January as the outlook for jobs and household income improved, University of Michigan survey data showed Friday. Highlights of Michigan Sentiment (January, final) Sentiment index inched down to 95.7 (est. 95) from...

Dems Demand Answers From Mulvaney on New Payday Lending Policy

Congress Democrats are charging that CFPB Acting Mick Mulvaney is reversing years of diligent policymaking to control payday lenders—and they allege that action could be tied to campaign contributions he received as a Republican House member. In a letter to...

Federal Judge Sentences Former CEO to Prison for Fraud

After more than a year of delays, a federal judge on Wednesday sentenced former Valor Federal Credit Union President/CEO Sean Jelen to more than five years and eight months in federal prison for bank fraud and attempted bank fraud. Before the 35-year-old Jelen of...