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?

Third-Party Servicing of Indirect Vehicle Loans

( printed page 14484) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is seeking comment on a proposed rule that would remove the NCUA's unnecessarily prescriptive regulation regarding third-party servicing of indirect vehicle...

Advocacy in Action – NACUSO

Why NACUSO Shows Up in Washington Each year, thousands of credit union leaders gather in Washington, D.C. for the Governmental Affairs Conference (GAC). While the conference is known for its energy, scale, and tradition, at its core GAC represents something far more...

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...

5 Ways to Become an Exceptional Credit Union Leader

One of the critical components of success in business, no matter the industry, is executive leadership. It seems like a no-brainer, but the nuances of true leadership can be tricky to navigate. For example, a good credit union leader may encourage employees to share...

Trump Can Remove Independent Agency Board Members: OIRA Nominee

President Trump has selected Neomi Rao, a law professor who contends that the president may remove members of independent agency boards – presumably including the NCUA – as his regulatory chief. Rao, a law professor at George Mason University, must be...

3 Credit Unions Appoint New CEOs

Credit unions in Wisconsin, Florida and Wyoming publicly announced new CEOs in March. Linda B. Hoover (pictured) was appointed president/CEO of the $1.6 billion Educators Credit Union in Mount Pleasant, Wis. She was serving as the interim president/CEO following the...

The Difficult Marriage Between Fintechs and CUSOs

CUSOs are innovation platforms for credit unions, allowing credit union owners to share risk and expenses when building better and sometimes revolutionary systems, products or channels to serve their members. Fintech firms are the very essence of innovation and...

NYCUA-SimplyCredit Partnership Combats Online Disruption

A new strategic partnership between the New York Credit Union Association and the San Francisco-based fintech company SimplyCredit aims to help New York’s credit unions combat online disruption and accelerate lending growth. Through the partnership, SimplyCredit...