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...

Responding to a Ransomware Attack: What You Need to Know

Between 2005 and 2016, ransomware infections were more common than data breaches, making them the most pervasive cyberthreat of the last 11 years. Ransomware attacks may encrypt folders and files or even the entire hard drive, or they may just lock the devices so that...

Royal CU Appoints Interim CEO

The $2 billion Royal Credit Union in Eau Claire, Wis., said Tuesday Randy Beck (pictured) will serve as interim president/CEO starting April 15. He will replace Royal President/CEO Rudy Pereira, who announced last month his resignation to take the president/CEO...

Businesses Lack Confidence in Cybersecurity Protection: Survey

A cybersecurity survey from Boston-based EiQ revealed a significant drop in business respondents’ confidence in the security technologies they have deployed to protect their organizations from data breaches and asset theft. The survey from EiQ Networks, which...

California Teller Who Stole From Elderly Members Sentenced

When a California credit union teller began stealing money in 2009, she knew it was wrong but she couldn’t stop. By the time her fraudulent scheme was exposed in 2015, the teller pilfered more than $410,000 from senior citizens, including a few who had dementia....

Better Ways to Lure Members: CUNA Mutual Study

Credit unions have an enormous opportunity to increase their reach by better explaining themselves to non-members and weakly connected members, according to a study from CUNA Mutual Group. One out of four people do not identify themselves as credit union members even...

Social Media Culture in Regulated Markets: BankSocial

Credit union and banking officials are combining digital forces this week at the #BankSocial Conference in Miami, Fla. The purpose, to create an organizational culture, innovation, engagement and strategies revolving around social media efforts in the highly-regulated...