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?

Advocacy in Action – NACUSO

Why NACUSO Shows Up in Washington Each year, thousands of credit union leaders gather in Washington, D.C. for the Governmental Affairs Conference (GAC). While the conference is known for its energy, scale, and tradition, at its core GAC represents something far more...

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...

Records Preservation Program and Appendices-Record Retention Guidelines; Catastrophic Act Preparedness Guidelines

AGENCY: National Credit Union Administration (NCUA). SUMMARY: On April 24, 2024, the NCUA Board (Board) published an advance notice of proposed rulemaking (ANPR) to solicit comments on ways the agency can improve and update its vital records preservation program...

CUNA: Mulvaney Is Properly Appointed to Lead CFPB

Mick Mulvaney is the properly appointed interim director of the CFPB, CUNA argued in a brief filed Tuesday in a suit challenging the director’s appointment. “CUNA and its members have a strong interest in ensuring that the CFPB at all times operates under...

New Credit Union CEOs Appointed

Credit unions in Kansas, Georgia and Connecticut recently appointed new CEOs. Frank Shoffner was named president of the $790 million Credit Union of America in Wichita, Kan., the board of directors announced Monday. Shoffner will become president and CEO following the...

Credit Unions Maintain Auto Lending Drive

Sliced, diced or chopped, the numbers for 2017 so far seem to show credit unions are making more auto loans than other lenders and maintaining healthier portfolios. Experian’s “State of the Automotive Finance Market” report released Thursday showed...

Taxi Medallion Crisis Could Lead to Loss Reserve Increase: Metsger

The NCUA may be forced to increase loss reserves for the Share Insurance Fund as the value of taxi medallions plunges, putting credit unions that made medallion loans at risk, NCUA board member Rick Metsger said Friday. “Prices for New York taxi medallions at...