As a federal court prepares to determine whether his appointment is legal, Acting CFPB Director Mick Mulvaney Thursday announced that the agency will not assess penalties for Mortgage Disclosure Act data collected in 2018 and reported in 2019 and will change its rule...
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?
Two Michigan CUs Merge to Begin 2018
After ratification by members, Jackson Community Federal Credit Union will merge with BlueOx Credit Union on Jan. 1, 2018. In a statement released to CU Times, BlueOx Credit Union president/CEO Fran Godfrey said, “Smaller credit unions are increasingly...
Employer-Sponsored Medical Plan Costs Expected to Rise 8.4%
Costs for employer sponsored-medical plans in 2018 are likely to rise 8.4% – nearly triple the projected rate of inflation, as global risk factors such as high blood pressure, physical inactivity and obesity increase, according...
CU Tax Exemption Intact, but Another Fight Looms
The House Wednesday cleared the conference report on the huge tax overhaul bill that preserves the credit union tax exemption, but the battle may not be over. Congress sent President Trump the tax bill, but congressional leaders already have warned that a so-called...
It’s a Good Time to Be in HR
Now is the time to be an HR professional – as the C-Suite is realizing just how critical the function is to the viability of the organization, according to Namely’s HR Careers Report 2018. “For those considering a career in human...
Choose Happiness in the Workplace
In my decades of working with CEOs, and in occupying the position myself, maximizing the CEO’s positive effect on the culture organization is always on my mind. We know that there is no “one size fits all” approach to leadership, yet I do see how...