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...

Dogs, Criminals & Brown Sugar: Being Thankful

I’m thankful for my dog Olive and all nine pounds of her alpha qualities; as much as she drives me nuts with her protective barking at every sound as she sits near me while I work. I’m thankful for credit unions waking up to the plusses and minuses of...

Credit Unions Continue to Outpace Banks With Cars & Cards

Credit union car loan growth remained near post-recession peaks in the third quarter, while other lenders slowed, according to reports from the Federal Reserve and NCUA. The Federal Reserve System’s Consumer Credit Report released Tuesday showed credit unions...

U.S. Businesses Overconfident in DDoS Attack Defense

Eighty-eight percent of U.S. businesses claim confidence in their current distributed denial of service mitigation, despite 69% having suffered a successful DDoS attack in the last 12 months. The Research conducted by Sapio Research on behalf of CDNetworks surveyed...

Increase Your Impact Through Storytelling

For millennia stories have transmitted human experience. Storytelling simplifies complexity and helps us make sense of the world. Stories help us empathize with others. They make us feel a part of something larger than ourselves. Stories trigger emotional responses...

Can CUs Help the Underserved Through Transaction Data Sharing?

The growth of data analytics in use and abilities could become a vital tool for credit unions wanting to reach out to the underserved, who often must turn to alternate lenders. All lenders, especially online and payday lenders, need banking transaction data technology...

Simple Workplaces Drive Employee Retention & Productivity

Oftentimes less is more -- including in the workplace, according to Siegel+Gale’s study, “Simplicity at work.” “Simpler workplaces -- those where employees easily get their work done and feel productive and fulfilled doing so --...