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?

Renewal of Agency Information Collections for Comments Request: Proposed Collections

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice and request for comments. SUMMARY: The National Credit Union Administration (NCUA) will submit the following information collection requests to the Office of Management and Budget (OMB) for review and...

Community Development Revolving Loan Fund

SUPPLEMENTARY INFORMATION: Table of Contents Basic Information Eligibility Program Description Eligible Activities Application Contents and Format Submission Requirements and Deadlines Application Review Information Award Notices Post-Award Requirements and...

Beyond Processing | Core As A Strategic Enablement Platform – NACUSO

By Jennifer BerryVise President of Core Conversions and ConsultingSynergent For years, credit unions have viewed the core primarily as a transactional processing system—the operational engine responsible for maintaining accounts, posting transactions, balancing...

House Dems Want Additional Committees to Examine CHOICE Act

Democrats have requested three additional House Committees to review provisions of the House Financial Services Committee Financial CHOICE Act, a move that could delay House consideration of the measure. The Financial Services Committee approved Chairman Jeb...

Ransomware Bomb Aftershocks Rock Worldwide Businesses & Groups

A cybersecurity bomb unleashed a massive ransomware campaign affecting 200,000 computers, and numerous organizations, with thousands of infections in more than 150 countries including the United States, United Kingdom, and Russia. The latest version of this ransomware...

Space Coast CU CEO Douglas Samuels Dies Suddenly

Douglas Samuels, president/CEO of the $4 billion Space Coast Credit Union, died suddenly and unexpectedly Friday, the Melbourne, Fla.-based credit union said Friday. He was 57. Samuels joined SCCU in 1991 as the vice president of information systems. He was...

Credit-Debit Card Fraudsters Target the Affluent

If you make $75,000 or more a year and have a college degree, you are more likely to receive a credit and debit card fraud alert from your financial institution, according to a new survey report from CreditCards. com. What’s more, despite the best efforts of...