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...

This Thanksgiving, Bring Out Your Inner Oprah

Remember how much everyone couldn’t wait for 2016 to be over? I saved a cartoon on my phone the day after Christmas last year that summed it up perfectly. The cartoonist compared the year to a party guest who refuses to leave, illustrating it as a big round ball...

Forever 21 Card Breach, Gmail Risks & Malvertising

The fashion retailer Forever 21 confirmed a breach involving unauthorized access to data from payment cards used at an undisclosed number of its stores due malfunctioning encryptions on POS devices. The Los Angeles-based company said the probe focused on transactions...

More Than a Dozen Credit Union Leagues Suing Equifax

At least 16 credit union leagues are now suing Equifax over the credit bureau’s massive data breach. Some of the newest include the Indiana Credit Union League on November 10, the Credit Union Association of the Dakotas on November 9, and the Association of...

Subprime Auto Delinquency Near Crisis Levels at Non-Bank Lenders

There’s a growing rift in car debt: Delinquent subprime loans are nearing crisis levels at auto finance companies, while loan performance at banks and credit unions continues to improve, data from the Federal Reserve Bank of New York show. Almost 9.7% of...