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...

PSCU Partnership Highlights Fight Against Call Center Fraud

Fraudsters keep trying their hand at duping call centers to access member accounts, but a new partnership between PSCU and an Atlanta-based company called Pindrop is calling attention to a new wave of audio technology that could help pinch dial-in criminals before...

Fed Interest Rate Hike a Welcome Sign for Credit Unions

The Federal Reserve’s decision to increase its key interest rate by a quarter point is a bit of good news for credit unions, economists said Thursday. And the expectation that the Fed will boost rates again this year is even better news, they said. "The...

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...