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?

NCUA Draft 2027-2028 Budget

AGENCY: National Credit Union Administration (NCUA) SUMMARY: NCUA's draft “detailed business-type budget” is being made available for public review as required by federal statute. The proposed resources will finance the agency's annual operations and capital projects,...

Conversion to State-Chartered Credit Union

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) solicits public comment on a proposal to remove a regulatory provision regarding the process for maintaining federal share insurance following the conversion of a federal credit union...

Nonconforming Investment Special Reserve

( printed page 66532) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the requirements for federal share insurance. This action would remove the requirement for federally insured,...

In-Home Voice Tech Beginning to Silence Mobile Use

Mobile use is beginning to suffer at the virtual hands of in-home digital voice assistants, a new study reports. According to professional services company Accenture, which surveyed 21,000 consumers in 19 countries between last October and November, 66% of people who...

Pro-Credit Union Rep. Royce Announces Retirement From House

Rep. Ed Royce (R-Calif.), who, as a member of the Financial Services Committee has sponsored major credit union-related legislation, has announced he will not seek reelection this year. Royce, chairman of the House Foreign Affairs Committee, is “term...

Vexed Judge Orders Arrest Warrant for Former CU CEO

A vexed federal judge issued an arrest warrant for a former credit union CEO who failed to show up at his sentence hearing Monday for bank fraud and attempted brank fraud. Sean Jelen, 35, the former president/CEO of the merged $227 million Valor Federal Credit Union...

Biometric EMV Card for Contactless Payments Hits Market

Digital security firm Gemalto has launched EMV card technology that uses fingerprints instead of PINs to authenticate users at the point of sale, according to a company announcement. To use the technology, customers insert their cards into the payment terminal and...

Idaho CU Inks $10 Million Naming-Rights Deal

Artist Rendering of Plans for Idaho Central Credit Union Arena include the main Vandal home court. Chubbuck, Idaho-based Idaho Central Credit Union has agreed to pay $10 million for the naming rights to a new basketball arena being built at the University of Idaho....