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...

Alexa Becomes Enrichment FCU Members’ New Banking Buddy

Enrichment Federal Credit Union has become the first credit union to roll out a new technology that allows members to manage accounts via voice-controlled smart speakers. Members of the Oak Ridge, Tennessee-based credit union will be able to move money between...

Email a Pervasive Threat With 20% Fraudulent

One in five emails were from unauthorized senders — meaning those emails were almost certainly fraudulent, according to research from San Francisco-based Email Authentication as a Service provider ValiMail. The research also indicated large financial services...

Cleveland Fed Removes Report on Marketplace Lending to Clarify

A report by the Federal Reserve Bank of Cleveland that slammed the peer-to-peer lending industry has been taken offline for clarification after researchers received inquiries about their methodology. The authors of the Nov. 9 report “have received several...

FIs Hit by $30 Million Mortgage Fraud Scheme

A New Jersey attorney and a real estate agent were charged with allegedly running a massive mortgage fraud scheme that caused more than $30 million in losses for at least five financial institutions, according to a criminal complaint filed last week in U.S. District...