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...

Credit Card Bonus Points Programs Fuel Wanderlust

I’ll admit it: I am the credit card holder no financial institution wants. I pay my credit card balances in full every month, so they’re not getting any money from me in interest or late fees. And last fall, I started a new hobby: Applying for credit cards...

More Than 1.1 Million Federal Student Loan Defaults In 2016

Analysis of Department of Education data reveals a 17% increase in 2016 in the number of Americans in default on federal direct loans serviced by companies hired by the federal government. “3,000 preventable student loan defaults each day in America is 3,000 too...

Southeastern League Announces Dues Rebate

For the fifth consecutive year, the League of Southeastern Credit Unions & Affiliates will issue full-dues paying credit unions a rebate in April. This year’s rebate will be 5.6%, equivalent to $202,623. While the average dues rebate is approximately $734...

New Tools to Manage EMV Chip Card Inventory: TMG

Payments processor TMG Financial Services announced Wednesday the availability of a new web-based tool to help credit unions better manage their plastic card stock. TMG, headquartered in Des Moines, Iowa said in a statement that this task has become more complicated...