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?

Request for Information Regarding Enhancing and Streamlining Data Collection From Credit Unions

AGENCY: National Credit Union Administration. ACTION: Notice; request for information. SUMMARY: The National Credit Union Administration (NCUA) is issuing this request for information (RFI) on opportunities to enhance and streamline NCUA's data collections....

Bank Conversions and Mergers, Subpart C-Merger of Insured Credit Unions Into Banks

( printed page 21391) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the merger of insured credit unions into banks. The Board proposes to eliminate certain prescriptive procedural,...

Sharing is Daring – NACUSO

By Nate AndersonPresident & CEOrekindle The Control Conundrum My local community hosts a Tuesday night “running group.” They run together, then go out for drinks and food afterward. Every week they do this.  I’ve known about this group for over a year and have yet to...

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 --...

Don’t Allow Your Consultants to Do This

At this point, it’s become an industry – consultants who have grown up over the last decade helping banks and credit unions negotiate new agreements or renewals with their payments vendors – networks, processors, internet banking and bill pay...

ADA Lawsuits Against CUs More Than Double in a Month

The number of lawsuits filed in Virginia District Courts against credit unions over the accessibility of their websites has risen from nine to more than 20 in the last four weeks, court documents show. All of the suits — at least 23 at the time of...