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...

Fintech Firms Primary Targets for Cybercrime Attacks

The financial services industry are prime targets according to research revealing 130 million fraud attacks detected in just a 90-day period with the growth in attacks outpacing transaction growth by 50%. San Jose, Calif. based digital identity firm’s...

Credit Unions, CUSOs, Leagues Welcome New Talent

This past week, credit unions from coast to coast, plus one CUSO and the Michigan Credit Union League, announced new hires, promotions and appointments. Read on for the latest People news. EAST The $1.2 billion Jeanne D’Arc Credit Union in Lowell, Mass.,...

Americans Get ‘F’ in Retirement Literacy

A whopping three quarters of Americans fail a quiz on how to make their retirement dollars go far enough to see them all the way through retirement, although they think they know what they’re doing; 61% of respondents indicate they have high levels...

Honor Credit Union to Buy Michigan Bank

Citizens State Bank of Ontonagon, Mich. announced today that it intends to sell its assets and liabilities to Honor Credit Union of Berrien Springs, Mich. Pending regulatory approval, Citizens will become part of Honor Credit Union, which has almost $735 million in...