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...

WalletHub: Americans Not So Savings Savvy

A study by an online credit score provider warns that Americans are forgetting the lessons of the Great Recession, and piling on record amounts of debt. WalletHub on Wednesday released an index of financial literacy that ranked Louisiana as having the worst levels of...

Trump’s Data Privacy Repeal & Credit Unions: Part 1

Experts weigh in on the House of Representatives and Senate votes to repeal the regulation preventing internet service providers from selling customers’ web browsing and app usage data without consent. President Trump indicated his intention to sign the bill,...

Credit Card Program Keeps Assets in the CU Family

Shifting consumer attitudes, compressed margins, new competitors and everchanging technology provide impetus for credit unions to drive their assets. Such as with TMG Financial Services’ innovative credit card portfolio investment opportunity. Des Moines,...

New Jersey, Massachusetts Mourn the Loss of 2 CU Leaders

The New Jersey Credit Union League said Glenn South, president/CEO of the $99.3 million County Educators Federal Credit Union passed away Thursday while waiting for a liver and kidney transplant at the NYU Langone Medical Center in New York City. He was 58. The $583...

CU Compliance Rules Need Clarification

The U.S. Government Accountability Office (GAO) released a report this week showing that, for the most part, privately insured credit unions are doing an excellent job keeping up with regulations. But, according to the GAO report, there appears to be some confusion...

Wells Fargo Brand Still Tainted, Hurting Reps & Recruiting

Wells Fargo has reached a $110 million settlement with its bank clients tied to as many as 2 million fake accounts. This news comes about six months after the bank agreed to pay $185 million in fines and penalties to federal regulators and the Los Angeles city...