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...

Independent Bankers Target Credit Unions in 2017 Priorities

The Independent Community Bankers of America last week set convincing Congress to reexamine the credit union model, including their tax-exempt status, as one of its priorities for 2017. And the group accused the NCUA of adopting a role as credit union...

Trump Administration Says Makeup of CFPB is Unconstitutional

The Trump Administration is asking a federal court to rule that the president has the power to fire the director of the CFPB, reversing a position that was taken by President Obama. The President’s executive power includes the authority to remove officials in...

Putting an End to 20 Years of DDoS Misery

There aren't many things in this life that endure for more than 20 years, especially when it comes to computers. Hardware, software, services and even websites tend not to have a shelf life that extends into two decades. Yet website owners still find themselves...

Putting More Union in Credit Unions

Credit union executives gathered in Charleston, S.C., in March to rekindle the spirit of cooperation within their ranks. Two of the leaders of the “Building Alliances” roundtable came to the discussion from vastly different starting points: Mansel Guerry...

CUs in the West, East, South & Midwest Name New CEOs

Throughout February, credit unions based in the West, East, South and Midwest states named new CEOS. The $4 billion Desert Schools Federal Credit Union announced that its president, Jeff Meshey, was also named as the CEO for the Phoenix, Ariz.-based cooperative....

OCC Releases New Licensing Regulations for Fintech Bank Charters

Financial technology companies are now one step closer to having the means to apply for special purpose national bank charters. The Office of the Comptroller of the Currency on Wednesday published a draft supplement to its licensing manual, which contains...