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?

Anti-Money Laundering and Countering the Financing of Terrorism Programs

( printed page 18304) AGENCY: Office of the Comptroller of the Currency, Treasury; Federal Deposit Insurance Corporation; and the National Credit Union Administration. ACTION: Notice of proposed rulemaking. SUMMARY: The Office of the Comptroller of the Currency (OCC),...

Chartering and Field of Membership

( printed page 17769) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) proposes to amend the associational common bond provisions of its chartering and field of membership (FOM) rules. The proposed FOM amendment would clarify that...

Sunshine Act Meetings

This site displays a prototype of a “Web 2.0” version of the daily Federal Register. It is not an official legal edition of the Federal Register, and does not replace the official print version or the official electronic version on GPO’s govinfo.gov. The documents...

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You ask…“What is Collateral Protection Insurance”? Our competitors have done a marvelous job making Forced Placed Collateral Protection (FPCP) programs synonymous with simply saying “Collateral Protection Insurance (CPI)” and they do this because “Forced Placed” has...

NACHA & IFX Announce Merger Deal

API technology NACHA — The Electronic Payments Association and the Interactive Financial eXchange (IFX) Forum plan to combine forces in a deal they said will speed up and strengthen the development of standardized application programming interfaces (APIs)...

Cannabis CUs Move Forward Cautiously: Onsite at GAC

From left to right: CUNA Director of Advocacy Shelton Roulhac, Weedmaps Vice President of Government Relations Dustin MacDonald, Budding Solutions Founder and CEO Shanita Penny, former Colorado Director of Marijuana Coordination Andrew Freeman and Maps CU Chief Risk...

5 Credit Unions Texting Members With New Messaging Platform

Text messaging The “text me” refrain increasingly communicated at credit unions seems louder lately. Berkeley, Calif.-based Shastic signed five new customers in January for Elle, its conversational text messaging platform for credit unions. The recent...

CUs Should See Double Digit Loan Growth in 2018: Onsite at GAC

Michael Schenk, CUNA’s vice president of research policy and analysis WASHINGTON — Credit unions should see another year of double digit loan growth because the unemployment rate is expected to remain low and inflation is expected to remain tame through...