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...

Washington’s Largest CU Unveils New Logo, Brand Identity

The $17.5 billion BECU, Washington’s largest credit union, unveiled a new logo and brand identity Thursday. The new logo features the white letters of BECU that are separated by vertical white lines. These elements of the new logo are surrounded by a red...

NCUA Bans Five Former CU Employees

The NCUA earlier this week banned a former accounting specialist, a former board attorney and three other former credit union employees. Anna Chaberek, who worked as an accounting specialist for the $27 million Enterprise Credit Union in Brookfield, Wis., pleaded...

Singles, Couples Need Different Retirement Planning

While the same principles apply in planning for retirement for singles or for couples, the way plans are implemented is different. So says a report on Marketwatch, which points out that singles will “likely” have a...

Don’t Overestimate the Senate Arbitration Vote

It would be easy to look at the Republican victory in nullifying the CFPB's mandatory arbitration rule as a sure sign that the political clout of the agency is weakening and that it's just a matter of time before it's defanged and powerless. But that's not the case at...

Debating Where Tech Will Take Finance

After the credit crisis of 2008-09, former Federal Reserve Chairman Paul Volcker quipped that the only important innovation the financial industry had come up with in the prior 20 years was the automated-teller machine. Now almost everyone is walking around with a...