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?

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

Proposed Third-Party Risk Management Guidance

AGENCY: The Office of the Comptroller of the Currency (OCC), Treasury, the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA). ACTION: Proposed interagency...

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

CUs ‘Failing to Provide’ Needed Services, Survey Shows

Most credit union members don’t think their CUs provide enough information to help reach personal financial goals, and about one in five say they aren’t familiar with everything their CUs offer, according to new data from marketing technology firm Segmint....

Hensarling Selected for Third Term as Financial Services Chair

Rep. Jeb Hensarling (R-Texas) has been selected by House Republicans to serve a third term as chairman of the House Financial Services Committee. Once Republicans maintained control of the House, Hensarling’s re-election had been expected. Hensarling has made it...

Millennials Quick to Move Money, Slow to Take Financial Advice

Millennials have an itchy trigger finger when it comes to investments, reacting to market volatility with unwise decisions—but they’re less likely to seek out professional financial advice. That’s according to the MassMutual Retirement...

Keep Our Communications Secret: Hensarling to NCUA

House Financial Services Chairman Jeb Hensarling (R-Texas) has asked federal agencies under his jurisdiction—including the NCUA, to keep communications with his panel confidential even if members of the public request them under the Freedom of Information Act....

Alleged CU Discrimination Incident Sparks Social Media Outrage

Screenshot taken from video recorded on Facebook. An alleged discrimination incident caught on video at a Washington credit union last week against a Muslim black woman ignited a social media firestorm from thousands of people demanding that the employee involved be...