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 Collections for Comments Request: Proposed Collections

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice and request for comments. SUMMARY: The National Credit Union Administration (NCUA) will submit the following information collection requests to the Office of Management and Budget (OMB) for review and...

Community Development Revolving Loan Fund

SUPPLEMENTARY INFORMATION: Table of Contents Basic Information Eligibility Program Description Eligible Activities Application Contents and Format Submission Requirements and Deadlines Application Review Information Award Notices Post-Award Requirements and...

Beyond Processing | Core As A Strategic Enablement Platform – NACUSO

By Jennifer BerryVise President of Core Conversions and ConsultingSynergent For years, credit unions have viewed the core primarily as a transactional processing system—the operational engine responsible for maintaining accounts, posting transactions, balancing...

ADA Cases Spread to Georgia Credit Unions

The spate of ADA lawsuits against credit unions spread from Virginia to Georgia this week, where at least two more credit unions have been sued over the accessibility of their websites, according to court documents. Those filings show that Hapeville, Georgia-based...

U.S. Home Starts Reach Highest Level in a Year

U.S. new-home construction rebounded in October to the fastest pace in a year, partly reflecting recovery efforts in the hurricane-stricken South, government figures showed Friday. A pickup in permit applications for one- family dwellings indicates building will...

Credit Union Employee Helps Catch a Thief

Following an audit, a Louisiana woman was accused of allegedly stealing more than $10,000 from a credit union where she was employed, while an alert credit union employee in Florida helped police catch a woman running a fraudulent car loan scheme. Alyse Jones, 22, a...

Small Businesses Reveal Cash Flow Issues, but Optimistic Outlook

Small businesses reveal cash flow as an overriding concern in a web-based survey from Boston-based Mercator Advisory Group’s regarding payment acceptance, B2B payments and banking services use and alternative lenders. The research, “Business Credit Cards...

Senate Committee Approves Tax Bill, Preserving CU Tax Exemption

The Senate Finance Committee Thursday approved its version of tax reform legislation, which retains the credit union tax exemption. The bill now goes to the Senate floor, where it faces an uncertain future because it remains unclear if Senate Republicans have the...