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...

Google Docs Phished Under OAuth, Door Opened to Copycat Attacks

Experts reacted to a Google Docs phishing attack that hijacked Gmail accounts and spammed contact lists. Google shut down the attack but not before it affected an estimated one million users. Google said in a statement it has disabled the aberrant accounts, which...

Credit Unions Carve Out Bigger Slice of Consumer Loans

Borrowers turned to credit unions for cars, motorcycles, boats, college and credit cards in March to an extent not seen in 16 years. Credit unions held $393.7 million in consumer loans in March, up 14.1% from a year earlier, the Federal Reserve reported in...

NCUA Approves Record Low Number of Mergers in March

The NCUA approved only eight mergers in March. That’s the lowest number of consolidations approved in the month of March over the last 10 years, according to a review of the NCUA’s Insurance Reports of Activity for the month of March since 2008. In March...

5 Cheap (or Free) Ways to Improve Retirement Wellness

Some of the realities of the House’s passage of the American Health Care Act include a major cut to Medicaid ($880 billion), which is how many seniors pay for nursing home care -- and allowing insurers to charge older people five times more for...