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?

Renewal of Agency Information Collections for Comments Request: Proposed Collections

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice and request for comments. SUMMARY: The National Credit Union Administration (NCUA) will submit the following information collection requests to the Office of Management and Budget (OMB) for review and...

Community Development Revolving Loan Fund

SUPPLEMENTARY INFORMATION: Table of Contents Basic Information Eligibility Program Description Eligible Activities Application Contents and Format Submission Requirements and Deadlines Application Review Information Award Notices Post-Award Requirements and...

Beyond Processing | Core As A Strategic Enablement Platform – NACUSO

By Jennifer BerryVise President of Core Conversions and ConsultingSynergent For years, credit unions have viewed the core primarily as a transactional processing system—the operational engine responsible for maintaining accounts, posting transactions, balancing...

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...