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?

Limits on Loans to Other Credit Unions

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is issuing this rule to remove the regulations related to approval and policies on making loans to other credit unions. While this provision will no longer be codified in regulation,...

Corporate Credit Unions

This site displays a prototype of a “Web 2.0” version of the daily Federal Register. It is not an official legal edition of the Federal Register, and does not replace the official print version or the official electronic version on GPO’s govinfo.gov. The documents...

Credit Union Service Contracts

SUPPLEMENTARY INFORMATION: I. Introduction A. Background NCUA originally issued rules related to FCUs entering service contracts in the 1970s.[1] In 1982, the rules governing service centers and other FCU contracting activities were combined into one section to...

Municipal Credit Union Opens FOM to St. John’s Students

Municipal Credit Union has expanded its membership field to include more than 20,000 students at St. John’s University in New York. MCU ($2.5 billion in assets, 411,052 members) made the announcement Feb. 11 along with officials from the university and its...

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....