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...

Cybercriminals Impersonating IC3, Docs, Outlook & DocuSign

Cybercriminals want personal identifiable information so bad they mimic seemingly legitimate enterprises such the Internet Crime Complaint Center, Microsoft Outlook, DocuSign and Google Docs to tempt victims into giving away IDs. The IC3 released an alert on...

The State of Phishing & W-2s

Seventy-six percent of organizations experienced phishing attacks in 2017 and nearly half of information security professionals said the attack rate increased from 2016. Meanwhile W-2 tax-scams are now in season. Pittsburgh-based Wombat Security Technologies released...

Louisiana League Names New CEO

Robert Gallman, the new president/CEO of the Louisiana Credit Union League The board of directors of the Louisiana Credit Union League said Wednesday that Robert Gallman will become the new president/CEO of the statewide trade organization on March 1. He succeeds the...

‘Bankers as Buyers’: FIs in Better Shape Than in Many Years

U.S. financial institutions entered 2018 in better financial shape than in many years. This upturn provides great opportunity for growth and future innovation for banks and credit unions across the country. That is one of the viewpoints presented by William Mills...

U.S. Consumer Sentiment Tops Estimates on Jobs & Income

U.S. consumer sentiment exceeded analyst estimates in January as the outlook for jobs and household income improved, University of Michigan survey data showed Friday. Highlights of Michigan Sentiment (January, final) Sentiment index inched down to 95.7 (est. 95) from...