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...

Father & Son Arrested in Two CU Robberies

A 51-year-old father and his 22-year-old son were arrested for allegedly robbing two credit union branches within three weeks in Henderson, Nev. Jeffrey James and his son Jessy James were charged with robbery and burglary by Henderson Police said Thursday. The men...

CU Professionals Make Career Advancements

This past week, nine credit unions across the nation shared announcements of new hires, promotions, retirements and in the case of one credit union, a long-time board member’s passing. WEST The $268 million San Diego Metropolitan Credit Union in San Diego...

PenFed Announces Third Merger of the Year

The $20.6 billion Pentagon Federal Credit Union in Tysons, Va. announced its third merger of the year Friday. Members of the $114 million Augusta Metro Federal Credit Union of Augusta, Ga. voted to merge with PenFed. “This was the best...

Mushrooming World of Ransomware Has Its Eye on Businesses

The United States and Europe lead the world in malware infections, but makers of one kind of malware — ransomware — have their sights especially set on businesses in the United States and the rest of North America, according to new study from Santa Clara,...

Dodd-Frank Overhaul Takes Center Stage, As GAC Convenes

Barring unexpected surprises, President Trump will be at least a couple of miles away from the Washington Convention Center. But make no mistake, President Trump’s presence will be felt all over CUNA’s annual Governmental Affairs Conference. Trump speaks...