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 Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

Proposed Third-Party Risk Management Guidance

AGENCY: The Office of the Comptroller of the Currency (OCC), Treasury, the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA). ACTION: Proposed interagency...

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

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...

Putting More Union in Credit Unions

Credit union executives gathered in Charleston, S.C., in March to rekindle the spirit of cooperation within their ranks. Two of the leaders of the “Building Alliances” roundtable came to the discussion from vastly different starting points: Mansel Guerry...

CUs in the West, East, South & Midwest Name New CEOs

Throughout February, credit unions based in the West, East, South and Midwest states named new CEOS. The $4 billion Desert Schools Federal Credit Union announced that its president, Jeff Meshey, was also named as the CEO for the Phoenix, Ariz.-based cooperative....

OCC Releases New Licensing Regulations for Fintech Bank Charters

Financial technology companies are now one step closer to having the means to apply for special purpose national bank charters. The Office of the Comptroller of the Currency on Wednesday published a draft supplement to its licensing manual, which contains...

Workplace Diversity in Credit Unions

“It’s the right time to have this conversation.” Ronaldo Hardy is a speaker, consultant and a CEO in the credit union industry. He leads the Southwest Louisiana Credit Union while also leading his congregation as pastor at Love Alive Church in Baton...