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?

NCUA Draft 2027-2028 Budget

AGENCY: National Credit Union Administration (NCUA) SUMMARY: NCUA's draft “detailed business-type budget” is being made available for public review as required by federal statute. The proposed resources will finance the agency's annual operations and capital projects,...

Conversion to State-Chartered Credit Union

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) solicits public comment on a proposal to remove a regulatory provision regarding the process for maintaining federal share insurance following the conversion of a federal credit union...

Nonconforming Investment Special Reserve

( printed page 66532) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the requirements for federal share insurance. This action would remove the requirement for federally insured,...

Two Former CU Employees Charged, One Sentenced

Kesha Kestler, a former accountant for the $1.3 billion Barksdale Federal Credit Union in Bossier City, La., was arrested last week for allegedly stealing nearly 50,000 from dormant accounts, including one of a deceased member, according to the Caddo Parish...

DDoS Attacks Decreasing, but Repeatedly Hammering Targets

The IT/Cloud/SaaS industry, representing 45% of mitigation activity, was the most frequently targeted industry by DDoS attacks for the twelfth consecutive quarter according to the latest Verizon Trends report. The Reston, Va.-based Verisign’s Distributed Denial...

First-Time Homebuyer Surge Complicates Housing Market

At a moment when overall home sales are slowing, the first-time homebuyers market is hot. First-timer demand in the third quarter hit its highest level since the same quarter of 2000, Genworth Mortgage Insurance reported Tuesday. First-timers bought 601,000...

Authorities Investigating Police Credit Union in Kentucky

State and federal authorities are investigating suspected theft at the $28.7 million Louisville Metro Police Officers Credit Union, according to police and the Kentucky state regulator. “The Louisville Metro Police Officers Credit Union reported a suspected...