Low-income credit unions in Florida, Puerto Rico, Texas, and the U.S. Virgin Islands, hit hard by recent hurricanes, are eligible to use a streamlined certification process to qualify as Community Development Financial Institutions, the NCUA announced Friday....
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?
America’s Priciest Housing Market Shows No Signs of Cooling
Housing in America’s most expensive region is going to get even pricier. For all the talk of the U.S. tax overhaul hitting wealthy blue-state real estate, the San Francisco Bay area is set for more home-price gains. Its technology-fueled economy and persistent...
NCUA’s Hands Tied as OCC Warns of FI Risks by Third-Party Services
The use of third-party servicers poses a risk to financial institutions, the Office of Comptroller of the Currency says in its semiannual risk perspectives report; but there’s not much the NCUA can do about it. In its report, which covers banks, the OCC said...
Silicon Valley CU Raises Bid on Solar
A Silicon Valley credit union upped its bet on solar energy Thursday, increasing its commitment to fund loans for installing solar panels on homes. Technology Credit Union of San Jose, Calif., said it will commit $400 million a year to a loan program offered through...
Millennials Have Different Views About Retirement & Finances
Millennials have different ideas about retirement, longevity and their finances at the end of life than other generations. But that doesn’t mean they think about those things all that much, nor realistically. In fact, they’re not thinking about their...
CFPB Delays Prepaid Card Act Rules
Credit union trade groups had pushed for this move by the CFPB.