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?

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

Proposed Third-Party Risk Management Guidance

AGENCY: The Office of the Comptroller of the Currency (OCC), Treasury, the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA). ACTION: Proposed interagency...

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

NCUA Approves 25 Mergers in November

Among the NCUA’s approved 25 mergers in November, four credit unions were consolidated because of their poor financial condition, including a Los Angeles faith-based cooperative that posted delinquency rates ranging from zero to 100% for more than five years....

Credit Unions End 2017 With Hires, Recognitions

Credit unions kept busy until the close of 2017, with eight credit unions announcing new hires, promotions, donation efforts, staff and credit union accomplishments, and retirements. WEST Employees from the $7.6 billion Alaska USA Federal Credit Union in Anchorage,...

Trellance Divests CSCU

The Tampa, Fla.-based Trellance announced today that it has divested payments processor CSCU, meaning the two are now separate businesses. The move comes just days after CSCU announced on Dec. 18 that it had formed Trellance, which it said it created “to focus...

Michigan Credit Union Signs Naming Rights Deal

The $541 million Frankenmuth Credit Union announced last week that it signed 10-year naming rights deal for a 2,500-seat arena in Birch Run, Mich. Financial terms of the deal were not disclosed. “We have two branches, a school branch and thousands of loyal...

Small Businesses Overpaying for 401(k) Plans: Study

Small-business owners and their employees are overpaying for their 401(k) plans, according to a new study from America's Best 401k. According to the report, most 401(k) studies are based on publicly available data required to be filed by plans with...