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?

Financial Data Transparency Act Joint Data Standards

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC); National Credit Union Administration (NCUA); Consumer Financial Protection Bureau (CFPB); Federal...

Prohibition on the Use of Reputation Risk

AGENCY: National Credit Union Administration (NCUA). SUMMARY: On October 21, 2025, the Board issued its Notice of Proposed Rulemaking to codify the elimination of reputation risk from its supervisory framework. This change aligns with Executive Order 14331,...

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...

Retired Executive Returns as CEO

For Darrell Merkel, retirement only lasted for about three years. Merkel, who retired from the $1 billion SAFE Federal Credit Union as an executive vice president in 2014, was named president/CEO of the Sumter, S.C.-based cooperative Tuesday. He succeeded Beverly...

CMFG Ventures Invests in Online Mortgage Platform

CMFG Ventures LLC announced Tuesday that it has invested in a Chicago startup company that provides online mortgage origination systems to lenders. The venture capital entity of CUNA Mutual Group led the extension for MortgageHippo Inc.’s seed round of...

OCC Fintech Plan Faces Uncertainty as Comptroller Term Expires

As the term of Comptroller of the Currency Thomas Curry expires and with no replacement in sight, the OCC could be headed toward a showdown with Congress over the agency’s decision to issue special charters to fintech companies. Curry announced in October that...

Credit Union Innovation is Risky Business

Growing expectations and nontraditional competitors requires credit unions to think creatively. The Filene Research Institute tries to spur innovation to help credit unions generate loans, mobilize savings, and reinforce membership. Since 1989, Madison, Wis.-based...

The Rise of AI-Powered Anomaly Detection Solutions

If an anomaly occurs in a KPI but your analysis tools are unable to spot it, did it really happen? Today almost every business is a data-driven business. Whether it’s the monthly scrap rate at a factory or the conversion rate of website visitors to sales, each...