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...

Malvertising Resurging After a Brief Hiatus

Malvertising is back, after a brief hiatus, in the third quarter of 2017 according San Francisco-based digital threat management solutions provider RiskIQ. malvertising has risen consistently since programmatic advertising gained popularity. Malvertising exploits...

McWatters Under Serious Consideration for CFPB Director

President Trump is seriously considering nominating NCUA Chairman J. Mark McWatters as CFPB director, according to sources inside the credit union industry. McWatters has been interviewed for the position and a background check is underway, one source told CU Times....

California Credit Unions Deliver Holiday Happiness

The popular Christmas song says “there’s no place like home for the holidays,” but the wildfires left thousands of California families without a home to celebrate the Yuletide season. California credit unions, however, recently made the season a...

Guilty Plea for Former Credit Union Employee

A 45-year-old former employee of the $45.5 million Strip Steel Community Federal Credit Union pleaded guilty to embezzling $82,000 in U.S. District Court in Wheeling, W. Va., last week. Michelle K. Martin admitted that she stole the funds from October 2016 to May 2017...

Ohio CU Executive Retires

Becky Howell, MedPro Division CEO of the $83.7 million Ohio HealthCare Federal Credit Union in Dublin, Ohio, will retire Dec 31. Howell was the President/CEO of MedPro Federal Credit Union when it merged into  Ohio HealthCare FCU in 2013. She began working in the...

Effective Sexual Harassment Policies Require Proper Training

The proliferation of high-profile sexual harassment  and sexual assault claims in recent months has been staggering, and it is a safe bet that such claims will greatly increase in number in the New Year. To be sure, victims of such harassment have found...