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...

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...

Trump’s Data Privacy Repeal & Credit Unions: Part 2

Last week Congress voted to repeal the regulation preventing internet service providers from selling customers’ web browsing and app usage data without consent. CU Times spoke with Information privacy, security and compliance consultant Rebecca Herold,...