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?

Accuracy of Advertising and Notice of Insured Status

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is issuing this proposed rule to streamline its regulations governing advertising and the notice of insured status. This proposed rule would eliminate provisions concerning the...

Limits on Loans to Other Credit Unions

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) seeks comment on a proposed rule to remove the regulations related to approval and policies on making loans to other credit unions. While this provision will no longer be codified in...

Catastrophic Act Reporting

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is publishing this proposed rule to amend the requirements for federally insured credit unions (FICUs) to report catastrophic acts to the agency. By providing more time for FICUs to...

Falling Into Budget Cleanup 

As the days get shorter and cooler, and the holidays approach, fall is the perfect time to give your finances a seasonal refresh. Take the time now to declutter your spending and refocus on your priorities can set you up for a stress-free winter. Here’s how to get...

What 2025 Tax Changes Mean for Your Wallet 

The following information is provided by our partners at GreenPath Financial Wellness. Note that GreenPath Financial Wellness does not provide legal or tax advice, this information is intended for general guidelines only.   If you’re thinking of buying a new car,...

What Is a Credit Union and How Is It Different from a Bank?

Whether you’re a longtime Service Credit Union member or shopping around for a new financial institution, do you know the real difference between banks and credit unions? Learn what makes credit unions unique and why they may be a better fit for anyone looking to save...

What to Expect When Applying for an Auto Loan

Need to finance a car? If it’s your first time applying for an auto loan, here’s what to expect, and how to best prepare.Understanding Auto Loan BasicsAn auto loan is a secured loan used to purchase a vehicle. You borrow a set amount of money from a lender—such as a...