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?

Request for Information Regarding Enhancing and Streamlining Data Collection From Credit Unions

AGENCY: National Credit Union Administration. ACTION: Notice; request for information. SUMMARY: The National Credit Union Administration (NCUA) is issuing this request for information (RFI) on opportunities to enhance and streamline NCUA's data collections....

Bank Conversions and Mergers, Subpart C-Merger of Insured Credit Unions Into Banks

( printed page 21391) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the merger of insured credit unions into banks. The Board proposes to eliminate certain prescriptive procedural,...

Sharing is Daring – NACUSO

By Nate AndersonPresident & CEOrekindle The Control Conundrum My local community hosts a Tuesday night “running group.” They run together, then go out for drinks and food afterward. Every week they do this.  I’ve known about this group for over a year and have yet to...

Trump Administration Argues Mulvaney Is Proper CFPB Chief

Mick Mulvaney is the properly appointed interim director of the CFPB, Justice Department attorneys argued Monday. In documents filed in U.S. District Court for the District of Columbia, the attorneys asked U.S. District Judge Timothy Kelly to reject the argument of...

5 Ways to Make Charitable Giving Count

Natural disasters can occur without warning, leaving widespread devastation in their wake. This year, millions of Americans were impacted by Tropical Storm Harvey and Hurricane Irma, as well as by Northern California wildfires – just three of many unforeseen...

Final Tax Conference Report Retains CU Tax Exemption

Efforts to retain the credit union tax exemption neared the finish line Friday night, as House and Senate Republican negotiators signed off on a massive tax overhaul bill with the exemption intact. The legislation is the product of a House-Senate conference committee...

Wall Street Super Watchdog Now a Forum to Cut Rules Under Trump

A high-powered panel that’s meant to spot dangers to financial stability is now urging regulators to review how rules are holding banks back, the latest sign of how much Wall Street oversight has changed under President Donald Trump. In its annual report...

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...