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?

Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the National Credit Union Administration

SUPPLEMENTARY INFORMATION: Table of Contents I. Background II. Legal Authority III. The NCUA Licensing Proposal IV. The NCUA Standards Proposal V. General Request for Comment VI. Regulatory Procedures I. Background On July 18, 2025, President Trump signed the GENIUS...

A CUSO Business Model That “Shows Credit Unions The Money” – NACUSO

By Guy MessickAdvisorNACUSO Business Services “Show me the money!” Credit unions are having a Jerry Maguire moment. Credit unions need more money and they need it now. To remain competitive, it is essential that credit unions grow to meet the changing expectations of...

Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rule

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is seeking comment on a proposed rule that would increase two thresholds in its regulation implementing management official interlocks for purposes of the Depository Institution...

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...

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...