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

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...

A CUSO Business Model That “Shows Credit Unions The Money” – NACUSO

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...

Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rule

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...

House Passes Bill to Increase HMDA Reporting Threshold

The House on Thursday passed legislation that would exempt many credit unions from certain reporting requirements under the Home Mortgage Disclosure Act. Voting 243-184, the House passed H.R. 2954, which would increase the threshold that triggers HMDA disclosures to...

Malicious Chrome Extensions Infiltrate FI Enterprises

Seattle-based ICEBRG’s Security Research Team discovered four malicious Google Chrome extensions affecting some 500,000 users. These provide a substantial pool of resources to use for fraudulent purposes and financial theft. While performing a routine...

NCUA Board to Consider Strategic Plan on Jan. 25

The NCUA board will consider its Strategic Plan at its Jan. 25 meeting. The board has been soliciting public comment on the draft plan, which establishes a variety of agency goals and objectives. The board also will consider its 2018 annual performance plan at the...

Credit Unions Fill Loan Gaps for More Students

Credit unions continued to increase their role as secondary lenders for college students last year, with their private student loan portfolios growing faster than those of other private lenders and the federal government. Borrowers requested forbearance on their...

House Panel Approves Bill Exempting Most CUs From CFPB Rules

The House Financial Services Committee Thursday approved legislation that would exempt virtually all credit unions from CFPB rules. Voting 30-25, the committee approved H.R. 1264, which would exempt all financial institutions with less than $50 billion in assets from...

NAFCU Sends Cease & Desist Letter to ADA Law Firm

NAFCU is demanding that a California law firm stop sending letters to credit unions contending that they owe legal damages because their websites do not comply with the Americans With Disabilities Act. In a letter to Scott Ferrell and Victoria Knowles of the Pacific...