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...

Oroville Dam Evacuation Order Closes CU Branches

At least six branches have been closed since Monday because of evacuation orders for areas near the precarious Oroville Dam crisis in Northern California. More than 188,000 people evacuated their homes on Sunday because of extensive damage to the dam’s primary...

Trump Won’t Defend CFPB in Court, Groups Argue

Democratic state attorneys general, two members of Congress and consumer groups are renewing their request to help defend the CFPB in court, contending that the Trump Administration is likely to abandon the agency.  The groups argue that while the Obama...

20 Top Employee Benefits, Perks for 2017

You might not pick a job solely based on the perks and benefits the company offers, but you have to admit that some temptations are more compelling than others — and, when push comes to shove, the benefits can make the difference when choosing one...

Mobile Banking Optimal for Lending Growth

Mobile banking allows credit unions to compete with larger financial institutions. It gives them a competitive edge and greater flexibility. It is also great for lending growth. A study by the Federal Reserve reported that “67% of millennials now use mobile...

Are You Financially Compatible With Your Loved One?

Love is free, but that’s not how your creditors see it. When couples open their credit card bills next month and see “they spent what!?” on Valentine’s Day, they may need to talk about their financial values before it leads to heartbreak. U.S....

Cybersecurity Creating Confusion Among Consumers

U.S. adults think retailers and credit payment companies should hold most of the responsibility for protecting their data used in online purchases but don’t expect companies to give-in to ransomware demands. In a new survey, “Hacking America: Cybersecurity...