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...

Tests Find Bias Persists in Auto Lending

A set of eight tests at auto dealers in Virginia found that just over half the time white buyers were offered better financing than non-whites even though the white buyers had worse credit scores, a consumer group reported Thursday. The National Fair Housing Alliance...

In-Home Voice Tech Beginning to Silence Mobile Use

Mobile use is beginning to suffer at the virtual hands of in-home digital voice assistants, a new study reports. According to professional services company Accenture, which surveyed 21,000 consumers in 19 countries between last October and November, 66% of people who...

Pro-Credit Union Rep. Royce Announces Retirement From House

Rep. Ed Royce (R-Calif.), who, as a member of the Financial Services Committee has sponsored major credit union-related legislation, has announced he will not seek reelection this year. Royce, chairman of the House Foreign Affairs Committee, is “term...

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...