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...

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...