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?

Dependent Care and Board Member Expense Reimbursement

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board is amending its regulations concerning the reimbursement of reasonable expenses for federal credit union (FCU) officials. The amendment revises the definition of compensation to exclude...

Preemption-Federal Credit Union Non-Interest Charges and Fees

SUPPLEMENTARY INFORMATION: I. Introduction A. Background Federal credit unions (FCUs) routinely rely on third parties for a range of products and services.[1] In particular, third parties are crucial to FCUs' provision of payment cards, which are vital and deeply...

Regulation for Federal Financial Assistance

SUPPLEMENTARY INFORMATION: I. Executive Summary The Office of Management and Budget (OMB) proposes to revise several parts of the OMB Guidance for Federal Financial Assistance located in title 2 of the Code of Federal Regulations (CFR), subtitle A, to improve and...

Dogs, Criminals & Brown Sugar: Being Thankful

I’m thankful for my dog Olive and all nine pounds of her alpha qualities; as much as she drives me nuts with her protective barking at every sound as she sits near me while I work. I’m thankful for credit unions waking up to the plusses and minuses of...

Credit Unions Continue to Outpace Banks With Cars & Cards

Credit union car loan growth remained near post-recession peaks in the third quarter, while other lenders slowed, according to reports from the Federal Reserve and NCUA. The Federal Reserve System’s Consumer Credit Report released Tuesday showed credit unions...

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 --...