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...

CFPB Unknown & Fighting for Its Life

If ignorance is bliss, lots of Americans are humming a happy tune. Specifically, 81% of Americans polled by CreditCards.com did not know enough about the Consumer Financial Protection Bureau to have an opinion about it, even though the five-year-old...

Student Debt Hurts Employees’ Financial Responsibility

A new survey of young people in the workforce show having student debt negatively affects an employee's ability to be financially responsible, even once they are employed.  Regina Corso Consulting conducted the survey online in January 2017, and gleaned...

CO-OP Inks ATM Deal with 7-Eleven

About 8,000 ATMs in 7-Eleven stores across the country will stay in the CO-OP Financial Services ATM network thanks to a new agreement between CO-OP and ATM network and service provider Financial Consulting & Trading International, or FCTI.  The agreement...

Is It Time to Get Political?

Just as we have never seen a presidential administration as unusual as our current one, we have never in our recent history seen such powerful political activism and discussion taking place nationwide. My social media news feeds are filled with rants about President...

House Passes Bill to Give Trump Control Over NCUA, CFPB Rules

The House on Wednesday passed legislation that would require independent agencies, such as the NCUA and CFPB, to submit rules to the Office of Management and Budget before they are published—essentially giving the president tight control of the rule-making...

Corporate One, D+H Accelerate Move to Real-Time Payments

Toronto-based D+H Corporation announced its collaboration with the $3.7 billion Columbus, Ohio-based, Corporate One Federal Credit Union to accelerate the ability to offer members real-time payments. The credit union plans to use D+H’s cloud-based testing...