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?

Third-Party Servicing of Indirect Vehicle Loans

( printed page 14484) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is seeking comment on a proposed rule that would remove the NCUA's unnecessarily prescriptive regulation regarding third-party servicing of indirect vehicle...

Advocacy in Action – NACUSO

Why NACUSO Shows Up in Washington Each year, thousands of credit union leaders gather in Washington, D.C. for the Governmental Affairs Conference (GAC). While the conference is known for its energy, scale, and tradition, at its core GAC represents something far more...

Sunshine Act Meetings

This site displays a prototype of a “Web 2.0” version of the daily Federal Register. It is not an official legal edition of the Federal Register, and does not replace the official print version or the official electronic version on GPO’s govinfo.gov. The documents...

Western Vista CU, Community Choice CU Promote & Appoint

This past week, six credit unions from coast to coast and consulting firm Your Credit Union Partner saw employees advance to the next level in their careers.   WEST The Minnesota Credit Union Service Corporation elected Trina Hoff, president/CEO of the $71...

TCPA Petition Would Restrain CU Phone Calls to Members: Trades

Financial trade groups—including CUNA and NAFCU—are asking the Federal Communications Commission to reject a petition seeking to expand the types of phone calls prohibited by the Telephone Consumer Protection Act (TCPA). The FCC has a pending petition...

Misys, D+H Unite to Create New Global Fintech Power

Vista Equity Partners announced it will acquire Canadian-based D+H, and merge it with UK-based Misys, creating a diversified fintech leader with a global footprint and about $2.2 billion in revenues. D+H’s portfolio includes a broad set of financial software...

Talent Development & Cybersecurity Top Advisor Concerns

Developing the next generation of talent and worries over cybersecurity are the top priorities for RIAs, according to a just-released Investment Adviser Association and Cerulli Associates poll. In the premier 2017 Executive Outlook Survey –...

CU Direct: Declining Auto Sales a Boon to Buyers, Test for Lenders

CU Direct this week said overall car sales will fall this year with used car sales and leasing accounting for an increasing share of transactions. Credit unions’ traditional strength in used car lending puts them at an advantage in gaining used car loans, but...

Appeals Court Upholds Sentence of Former Michigan CU CEO

A federal appeals court Thursday upheld the six and half-year prison sentence of a former credit union CEO who embezzled nearly $2 million from a Michigan credit union. Kathryn Sue Simmerman, the former manager of the $17.3 million Shoreline Federal Credit Union, was...