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?

Request for Information Regarding Enhancing and Streamlining Data Collection From Credit Unions

AGENCY: National Credit Union Administration. ACTION: Notice; request for information. SUMMARY: The National Credit Union Administration (NCUA) is issuing this request for information (RFI) on opportunities to enhance and streamline NCUA's data collections....

Bank Conversions and Mergers, Subpart C-Merger of Insured Credit Unions Into Banks

( printed page 21391) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the merger of insured credit unions into banks. The Board proposes to eliminate certain prescriptive procedural,...

Sharing is Daring – NACUSO

By Nate AndersonPresident & CEOrekindle The Control Conundrum My local community hosts a Tuesday night “running group.” They run together, then go out for drinks and food afterward. Every week they do this.  I’ve known about this group for over a year and have yet to...

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By Cassie Schock Partnerde Risk Partners The New Reality for Credit Unions Credit unions are under pressure to keep pace with digital transformation. Members now expect seamless digital payments, faster lending decisions, and personalized financial tools. Fintech...

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By Justin Hayes Client-Partner Success ManagerASAPP Financial Technology Credit unions have always stood apart from the big banks by focusing on what matters most, people. Members aren’t treated as transactions or account numbers; they are individuals with unique...

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By David Dean Head of M&AEvergreen Financial Technology Group Federal law lets credit unions invest or lend up to 1% of their net worth in credit union service organizations, and the collaborative spirit of the industry has given rise to more than 1,100 CUSOs...

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The CFPB takes another look—while CUSOs & credit unions prepare for a rule that may (or may not) take shape. The regulatory rollercoaster ride of the CFPB’s Personal Financial Data Rights rule, commonly known as its open banking rule, has had many twists and turns...