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 Collections for Comments Request: Proposed Collections

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice and request for comments. SUMMARY: The National Credit Union Administration (NCUA) will submit the following information collection requests to the Office of Management and Budget (OMB) for review and...

Community Development Revolving Loan Fund

SUPPLEMENTARY INFORMATION: Table of Contents Basic Information Eligibility Program Description Eligible Activities Application Contents and Format Submission Requirements and Deadlines Application Review Information Award Notices Post-Award Requirements and...

Beyond Processing | Core As A Strategic Enablement Platform – NACUSO

By Jennifer BerryVise President of Core Conversions and ConsultingSynergent For years, credit unions have viewed the core primarily as a transactional processing system—the operational engine responsible for maintaining accounts, posting transactions, balancing...

Apple Pay Edges Into Bill Pay

Credit unions and other bill pay providers may be facing new competition from Apple Pay, which has begun allowing some users to pay monthly bills with its iPhone payment technology. The move, announced back in January and rolling out this month, lets Xfinity customers...

Damage Control in a Viral, Oversharing World

It’s every organization’s worst nightmare: A controversial, perhaps embarrassing incident takes place, then hits the internet and news outlets at lightning speed. Panic sets in. What’s next? A drop in revenue? Layoffs? A complete shutdown? The best,...

CUs See Bullish Trends Entering Fragile Territory

CUNA economists believe credit unions are still on track for an excellent year—barring war by means of weapons or trade. While double-digit loan growth is expected to continue this year, CUNA is now dialing back its economic growth prediction to 2.3% for 2017....

Cash+Coast = Big Home Sales Gains

Home sellers made big gains in the first quarter, but, on average, they had to wait twice as long as pre-recession sellers making similar gains, according to a report released Thursday by ATTOM Data Solutions. The U.S. Home Sales Report by ATTOM, a real estate...

Fidelity Bond Legal Dispute Reveals Credit Union Fraud

Another fidelity bond legal dispute between the NCUA and an insurance company revealed that a former manager and assistant manager were running a check-kiting scheme that led to a loss of nearly $700,000 and contributed to the involuntary liquidation of an Indiana...