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?

Rethinking Home Equity: Are We Still Treating It Like a Mortgage? – NACUSO

By Omar JordanFounder & CEOCoviance Across the credit union community, I’m seeing renewed energy around HELOCs and closed-end home equity loans. Rising rates have slowed first mortgages, but they’ve also created an opportunity for members to tap into the equity...

Third-Party Servicing of Indirect Vehicle Loans

( printed page 14484) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is seeking comment on a proposed rule that would remove the NCUA's unnecessarily prescriptive regulation regarding third-party servicing of indirect vehicle...

Advocacy in Action – NACUSO

Why NACUSO Shows Up in Washington Each year, thousands of credit union leaders gather in Washington, D.C. for the Governmental Affairs Conference (GAC). While the conference is known for its energy, scale, and tradition, at its core GAC represents something far more...

Managers Need to Brush Up on Communication, Diplomacy

Workers aren’t happy with how their managers communicate — or, for that matter, with their manner. You might think that bosses would be good communicators, able to deal with employees in a diplomatic manner, but many workers say that’s not the case....

New Solutions Protects Data in IoT Environments & Security Centers

San Francisco-based Hewlett Packard Enterprise introduced two security solutions, one protects information in Internet of Things environments and the other is a search and investigation tool built on security operation platforms. HPE SecureData for Hadoop and IoT...

CU Teaches Inmates How to Find Jobs, Manage Money

When Bridget Simone isn’t managing her Michigan Community Credit Union branch, she’s sometimes volunteering at a local prison to teach inmates vital skills they will need to support themselves when released. The minimum-security Cooper Street Correctional...

CU Victimized by Multi-Million Dollar Scheme, Woman Sentenced

Learning from her father how to operate a $145 million circular check-kiting scheme that victimized a credit union and two banks, landed a Michigan woman in federal prison for 18 months. U.S. District Court Chief Judge Robert J. Jonker in Kalamazoo, Mich., also...

CFPB Barred, for Now, From Naming Company Under Investigation

Another financial-sector company is fighting to keep its name secret as it challenges the power of the CFPB to bring an enforcement action. The company—identified only as “John Doe” in Washington federal trial court—offers pension...

Automated Platforms, New Products: Tech Update

Riskalyze announced a plethora of new products at the Technology Tools for Today conference in Garden Grove, California, on Wednesday. Riskalyze Premier is a new tier of service that aims to “supercharge engagement” and help financial advisors be...