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...

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...

Trump Promises Community Bankers a Tailored Regulatory Regime

Meeting with community bankers Thursday, President Trump reaffirmed his commitment to tailoring regulations to consider the size of financial institutions. “President Trump promised to work to tailor the nation’s regulatory framework so that it accounts...

Mobile Banking Among Five Top Security Risks: Survey

Credit unions and banks are under a considerable amount of pressure to ramp up security with increased mobile banking adoption, a trend that is increasingly threatening the security of IT infrastructures. That is one disturbing finding from Woburn, Mass. based...

Home Depot & FIs Propose Major Settlement Over Data Breach

Home Depot has reached a proposed multimillion-dollar settlement with financial institutions affected by its 2014 data breach, according to documents filed in a U.S. District Court.  The retailer agreed to pay up to $25 million to affected financial institutions,...