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?

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

Proposed Third-Party Risk Management Guidance

AGENCY: The Office of the Comptroller of the Currency (OCC), Treasury, the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA). ACTION: Proposed interagency...

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

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...

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...