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?

Anti-Money Laundering and Countering the Financing of Terrorism Programs

( printed page 18304) AGENCY: Office of the Comptroller of the Currency, Treasury; Federal Deposit Insurance Corporation; and the National Credit Union Administration. ACTION: Notice of proposed rulemaking. SUMMARY: The Office of the Comptroller of the Currency (OCC),...

Chartering and Field of Membership

( printed page 17769) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) proposes to amend the associational common bond provisions of its chartering and field of membership (FOM) rules. The proposed FOM amendment would clarify that...

Sunshine Act Meetings

This site displays a prototype of a “Web 2.0” version of the daily Federal Register. It is not an official legal edition of the Federal Register, and does not replace the official print version or the official electronic version on GPO’s govinfo.gov. The documents...

LOS Tech Generates Mobile-First Environment for Michigan CU

The $516 million, Flint, Mich.-based Financial Plus Credit Union built a loyal member base by providing the basics, but recognized the need to introduce new technologies to remain relevant to members.  Founded in the 1950s by Chevrolet employees, Financial...

FSOC Renews Call for NCUA Control Over Third-Party Servicers

Once again, the Financial Stability Oversight Council is calling on Congress to give the NCUA examination and enforcement powers over third-party service providers. The NCUA is among the few financial regulators that does not have such powers, the FSOC said in its...

NCUA Conserves Kentucky Police Credit Union

Just 10 days after it was publicly revealed that the $28.7 million Louisville Metro Police Officers Credit Union was under investigation for suspected internal theft, the Louisville, Ky., cooperative was conserved by the NCUA Friday. “The NCUA placed Louisville...

401(k) Tax Changes Would Slash Retirement Savings

While the House and Senate tax bills were taking shape, lawmakers floated some changes to 401(k) contributions. A survey conducted around that time shows just how deeply those changes would have affected savers. Three-quarters of nonretired investors in a...