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...

Successes & Challenges for CUs Using SBA’s Loan Programs

Small business lending is on the minds of credit unions and lawmakers this week in Washington, D.C. On Thursday, Randolph-Brooks Federal Credit Union’s executive vice president/chief lending officer, Sonya McDonald testified on behalf of NAFCU in front of the...

Cooperative Association Announces Dues Rebate for Members

The Cooperative Credit Union Association announced this week its member credit unions in Delaware, Massachusetts, New Hampshire and Rhode Island will receive a 7.5% rebate on their 2016 dues. The dues rebate averages to just under $1,000 per credit union member,...

Juxt-OPPOSE

Trust in <fill in the blank> has probably dropped to historic levels. Politicians, garbage collectors, internet connections, clean water – pick your issue; our trust in “it” has most likely gone down. In 1972, Gallup polling first asked the...

Investors Flip for Bigger Gains, Online Lenders Play Growing Role

Investors are finding record profits flipping houses that are smaller and older than in the bubble heyday of 10 years ago, according to a report released Thursday by ATTOM Data Solutions. The Los Angeles real estate analytics firm found 193,009 home flips in 2016....

Undercover FBI Agents Posing as CU Loan Officers Arrest Georgia Man

FBI special agents working undercover as credit union loan officers arrested a Georgia man Monday who allegedly used a fake ID to apply for a car loan at the $377 million Kinetic Federal Credit Union in Columbus, Ga. Retired FBI special agent Randall Allen, who works...