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...

Falling Into Budget Cleanup 

As the days get shorter and cooler, and the holidays approach, fall is the perfect time to give your finances a seasonal refresh. Take the time now to declutter your spending and refocus on your priorities can set you up for a stress-free winter. Here’s how to get...

What 2025 Tax Changes Mean for Your Wallet 

The following information is provided by our partners at GreenPath Financial Wellness. Note that GreenPath Financial Wellness does not provide legal or tax advice, this information is intended for general guidelines only.   If you’re thinking of buying a new car,...

What Is a Credit Union and How Is It Different from a Bank?

Whether you’re a longtime Service Credit Union member or shopping around for a new financial institution, do you know the real difference between banks and credit unions? Learn what makes credit unions unique and why they may be a better fit for anyone looking to save...

What to Expect When Applying for an Auto Loan

Need to finance a car? If it’s your first time applying for an auto loan, here’s what to expect, and how to best prepare.Understanding Auto Loan BasicsAn auto loan is a secured loan used to purchase a vehicle. You borrow a set amount of money from a lender—such as a...