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?

Request for Information Regarding Enhancing and Streamlining Data Collection From Credit Unions

AGENCY: National Credit Union Administration. ACTION: Notice; request for information. SUMMARY: The National Credit Union Administration (NCUA) is issuing this request for information (RFI) on opportunities to enhance and streamline NCUA's data collections....

Bank Conversions and Mergers, Subpart C-Merger of Insured Credit Unions Into Banks

( printed page 21391) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the merger of insured credit unions into banks. The Board proposes to eliminate certain prescriptive procedural,...

Sharing is Daring – NACUSO

By Nate AndersonPresident & CEOrekindle The Control Conundrum My local community hosts a Tuesday night “running group.” They run together, then go out for drinks and food afterward. Every week they do this.  I’ve known about this group for over a year and have yet to...

Employees Want Financial Wellness Help, Survey Says

An overwhelming majority of employees say financial wellness should be a part of their employer’s overall wellness program, but most employees say they are not getting financially fit at the workplace. An online national survey of 511 employees conducted by Four...

Making Remote Work Feel Less Remote

Working remotely is both a blessing and a curse. If you want to spend a week in Hawaii working from a Wi-Fi-equipped hut on the beach, you can. You’ll save a lot of money on gas, lunches out, Starbucks and clothes. Going to the gym or running an errand mid-day...

Foreclosures Continue to Dwindle in 2017

More cities are emerging from the blight of the high foreclosure rates that led into the Great Recession, but some of the gains might be threatened by looser regulation, a national real estate analyst said. ATTOM Data Solutions, a Los Angeles-based real estate data...

Retirees Sue Credit Union Over Lifetime Benefits Dispute

Five people, including two senior executives, are suing a Texas credit union they retired from for discontinuing promised lifetime retirement benefits, accusing their former employer of violating federal laws and fraud. The $347 million Union Square Credit Union in...

Contactless Payments to Hit 150M Users in 2017

The number of Apple Pay, Samsung Pay and Android Pay users is about to hit 100 million and should top 150 million by the end of 2017, according to new data from fintech analysis firm Juniper Research. Apple, Samsung and Google (which operates Android Pay) owned 41% of...

Hensarling’s Draft Legislation Retains Three-Member NCUA Board

House Financial Services Chairman Jeb Hensarling (R-Texas) would retain the three-member NCUA board structure in his plan to overhaul Dodd-Frank – legislation that will be introduced by the end of the month. The proposal would also decrease the power of the...