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...

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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...

Has Sexual Harassment Mania Gone Too Far?

People just can’t seem to stop talking about sexual harassment. And all this talk doesn’t seem to be helping to reduce the number of reported incidents. Each news story about the latest man to be accused of sexual misconduct against a woman in the...

NCUA Bans Four Former Credit Union Employees

Four former credit union employees, including a manager and a long-time teller and administrative assistant were banned Wednesday by the NCUA from participating in the affairs of any federally insured financial institution. Catherine Linton, former manager of the $4.1...

Michigan CU Bank Purchase Called Off

The $852 million Honor Credit Union of Berrien Springs, Mich. will not buy the $53.3 million Citizens State Bank of Ontonagon, Mich. “Citizens State Bank of Ontonagon and Honor Credit Union have mutually decided to continue serving their respective customers and...

NCUA Liquidates Chicago Credit Union

The $116,449 St. Elizabeth’s Credit Union in Chicago became the first credit union liquidation of 2018, the NCUA said Tuesday. Following a 60-day suspension last fall, the Illinois Department of Financial and Professional Regulation determined that the credit...

Fate of ADA Lawsuits Hazy for CUs Despite Virginia Decision

Recent news of Northwest Federal Credit Union’s successful challenge to an ADA lawsuit may seem like an omen for the industry, but it doesn’t mean similar cases against other credit unions will necessarily end the same way — or that new suits...

Savings Rate Dips to Pre-Recession Low

Consumers ended 2017 by accelerating spending faster than their incomes, squeezing their savings rate to its lowest levels since the eve of the Great Recession. The U.S. Commerce Department reported Monday that personal savings were an annualized $351.6 billion in...