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...

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...

Credit Union Executives Make Career Moves

This past week, five credit unions announced new hires, promotions and retirements. In addition, the Filene Research Institute hired an executive. WEST The $640 million AltaOne Federal Credit Union in Ridgecrest, Calif., announced president/CEO Robert...

Increased Mobile Banking Use Helps Us Save More: Report

Changes in consumer savings patterns highlight the overall digital money movement, according to the Austin, Texas-based Malauzai in a report highlighting both internal transfers and the external movement of funds. The mobile and internet banking provider’s...

Alabama One Released From Conservatorship, Legal Troubles Remain

The Alabama Credit Union Administration said Wednesday it terminated the conservatorship of the $582 million Alabama One Credit Union, which has been at the center of widely publicized controversies and lawsuits since 2013. The Alabama regulator took control of the...

Trump Nominates Acosta as Labor Secretary

President Donald Trump wasted little time in naming R. Alexander Acosta on Thursday as his new Labor secretary nominee to replace Andrew Puzder, who withdrew from the nomination on Wednesday. Acosta, the only son of Cuban immigrants, is law...