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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?
Regulator’s Order Shuts Down CU’s Website
Since an Illinois regulator issued a cease and desist order last month to shut down the 1st Provision Credit Union, the supposed cooperative no longer has a site posted on the web though its Facebook page was still operating as of Thursday. The Illinois Department of...
CUs Reckoning With Advent of Apple Pay Cash
Apple’s forthcoming Apple Pay Cash will likely become the next in a long line of P2P offerings that are forcing credit unions to think about the future of their noninterest income, industry experts say. Apple Pay Cash, which launched in public beta this...
NCUA Board to Consider Budget Nov. 16
The NCUA board will vote on its proposed 2018-2019 budget when it meets Nov. 16. The budget, outlined last month, proposed a 2018 increase of $6.1 million-- a 2.1% increase from 2017.The agency also projects a 2019 budget of $302.8 million, a $4.6 million increase...
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...