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?

Dependent Care and Board Member Expense Reimbursement

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board is amending its regulations concerning the reimbursement of reasonable expenses for federal credit union (FCU) officials. The amendment revises the definition of compensation to exclude...

Preemption-Federal Credit Union Non-Interest Charges and Fees

SUPPLEMENTARY INFORMATION: I. Introduction A. Background Federal credit unions (FCUs) routinely rely on third parties for a range of products and services.[1] In particular, third parties are crucial to FCUs' provision of payment cards, which are vital and deeply...

Regulation for Federal Financial Assistance

SUPPLEMENTARY INFORMATION: I. Executive Summary The Office of Management and Budget (OMB) proposes to revise several parts of the OMB Guidance for Federal Financial Assistance located in title 2 of the Code of Federal Regulations (CFR), subtitle A, to improve and...

Readers Sound Off on Hot Stories

Recent articles on student loan debt, an alleged discrimination incident, member dissatisfaction and military lending rules got CU Times readers fired up to share their thoughts. Here's what they had to say.

Auto Loan Fraud Leads to Dispute

The $361 million Hudson Heritage Federal Credit Union is suing CUMIS Insurance for declining to pay a claim after the Middletown, N.Y.-based credit union was victimized by an auto loan fraud ring.

FocusReport: CFO’s Sharper Pencil

The exploding field of data analytics could force credit union CFOs to significantly alter how they handle data – and even their careers. Learn more in this Focus Report.

Community Bank Reg Changes Coming Soon, CUs Left Out?

The Treasury Department shortly will issue recommendations on how to better tailor regulations for community banks, Secretary Steven Mnuchin told the Senate Banking Committee Thursday. “We have taken a systematic approach in our work by meeting with a variety of...

Employee Health Care Costs Rise 4.3%: Milliman

Total health care spending for a typical family of four with solid employer coverage may be just 4.3% higher this year than it was last year. Analysts at Milliman, an actuarial consulting firm, have published that prediction in their latest medical spending...

Credit Union Professionals Step Into the Spotlight

Last week, eight credit unions plus two vendors, LSI and Dolphin Debit, announced new promotions, hires, accolades and other changes at their organizations. Check out the latest People news below. WEST The $9.8 billion First Technology Federal Credit Union based in...