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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?

Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the National Credit Union Administration

by | May 16, 2026 | News | 0 Comments

SUPPLEMENTARY INFORMATION: Table of Contents I. Background II. Legal Authority III. The NCUA Licensing Proposal IV. The NCUA Standards Proposal V. General Request for Comment VI. Regulatory Procedures I. Background On July 18, 2025, President Trump signed the GENIUS...
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A CUSO Business Model That “Shows Credit Unions The Money” – NACUSO

by | May 11, 2026 | News | 0 Comments

By Guy MessickAdvisorNACUSO Business Services “Show me the money!” Credit unions are having a Jerry Maguire moment. Credit unions need more money and they need it now. To remain competitive, it is essential that credit unions grow to meet the changing expectations of...
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Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rule

by | May 7, 2026 | News | 0 Comments

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is seeking comment on a proposed rule that would increase two thresholds in its regulation implementing management official interlocks for purposes of the Depository Institution...
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Credit Union Members Borrow More for Cards, Cars & College

Feb 9, 2018 |

Credit unions ended the year with consumer loans taking more spots in the portfolio parking lot, leaving a smaller share of the loan space for real estate. A preliminary assessment by CUNA and the Federal Reserve Bank’s G-19 Consumer Credit Report released...

NCUA Board Considers Share Insurance Fund Distributions on Feb. 15

Feb 9, 2018 |

The NCUA board will discuss Share Insurance Fund equity distributions when it meets on Feb. 15. Last year, the board approved the merger of the Share Insurance Fund with its Corporate Stabilization Fund. At the time, board Chairman J. Mark McWatters said that the...

Credit Unions Name New CEOs, Retirements

Feb 9, 2018 |

Bangor Federal Credit Union named Basil Closson as its new president/CEO. Credit unions in North Carolina, New York, Maine, Massachusetts, Virginia and Indiana recently named top executive leaders and announced retirements. The $2.2 billion Truliant Federal Credit...

Nussle Tells Hatch Credit Unions Must Be Permitted to ‘Evolve’

Feb 9, 2018 |

Credit unions must be permitted to evolve, and that evolution should not endanger their tax exemption, CUNA President Jim Nussle said this week, in a letter to Senate Finance Chairman Orrin Hatch (R-Utah). Hatch recently wrote a letter to NCUA Chairman Mark McWatters...

Sen. Warren Blasts Equifax for Lax Cybersecurity in Report

Feb 8, 2018 |

Sen. Elizabeth Warren, D-Mass., released the findings of a four-month investigation into how Equifax failed to protect the personal data of more than 145 million Americans. The new 15-page report containing the findings concludes...