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 Collections for Comments Request: Proposed Collections

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice and request for comments. SUMMARY: The National Credit Union Administration (NCUA) will submit the following information collection requests to the Office of Management and Budget (OMB) for review and...

Community Development Revolving Loan Fund

SUPPLEMENTARY INFORMATION: Table of Contents Basic Information Eligibility Program Description Eligible Activities Application Contents and Format Submission Requirements and Deadlines Application Review Information Award Notices Post-Award Requirements and...

Beyond Processing | Core As A Strategic Enablement Platform – NACUSO

By Jennifer BerryVise President of Core Conversions and ConsultingSynergent For years, credit unions have viewed the core primarily as a transactional processing system—the operational engine responsible for maintaining accounts, posting transactions, balancing...

Federal Agencies Improving Cyber Defense: Report

The White House recently issued its annual cybersecurity progress report, finding that while federal agencies strengthened cybersecurity defenses in fiscal year 2016, “a significant amount of work remains to implement these controls.” Grant...

Is Industry Coming Around to Robo-Advisor Concept?

Some financial experts see robo-advisors as a competing force. At the NAPA 401(k) Summit, you might expect some hostility to the concept. After all, the market for algorithm-based, non-human decision-making robo-advisors is expected to grow....

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...