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...

Vexed Judge Orders Arrest Warrant for Former CU CEO

A vexed federal judge issued an arrest warrant for a former credit union CEO who failed to show up at his sentence hearing Monday for bank fraud and attempted brank fraud. Sean Jelen, 35, the former president/CEO of the merged $227 million Valor Federal Credit Union...

Biometric EMV Card for Contactless Payments Hits Market

Digital security firm Gemalto has launched EMV card technology that uses fingerprints instead of PINs to authenticate users at the point of sale, according to a company announcement. To use the technology, customers insert their cards into the payment terminal and...

Idaho CU Inks $10 Million Naming-Rights Deal

Artist Rendering of Plans for Idaho Central Credit Union Arena include the main Vandal home court. Chubbuck, Idaho-based Idaho Central Credit Union has agreed to pay $10 million for the naming rights to a new basketball arena being built at the University of Idaho....

New York Credit Union: CFPB’s Mulvaney Already Hurting Us

Acting CFPB Director Mick Mulvaney already has instituted changes at the agency that threaten the stability of the Lower East Side People’s Federal Credit Union, the credit union says in new court documents seeking Mulvaney’s ouster. “Mr....

Lotteries Generate Serious Interest & Revenue

Powerball and Mega Millions are leading a craze. Many people love playing the games and most states love the revenue generated from those selecting potential jackpot numbers and scratch off tickets. Americans spent some $80 billion on traditional and electronic...