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...

Tax Fraud Season Extends Beyond Tax Day

IBM X-Force researchers saw a 6,000% increase in tax-related spam emails leading up to Tax Day 2017. That’s significant because tax fraud season does not end on April 18. The IBM researchers see this increase and other factors as evidence that cybercriminals are...

CSCU 2017 Conference: Emerging Payments, Mobile Wallets & More

The effect of emerging payments, tokenization, mobile wallets, fraud, millennial spending, social media, the cloud and machine learning at credit unions took center stage at the CSCU 2017 Annual Conference. “The landscape of the payment industry is changing...

NCUA Issues Fake Check Scam Warning

After receiving numerous inquiries from consumers, the NCUA issued a warning Monday about a fake check scam. The federal agency said it has received about 12 calls over the last 10 days from consumers about a fake check scheme. The NCUA noted in its prepared statement...

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...