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?

NCUA Draft 2027-2028 Budget

AGENCY: National Credit Union Administration (NCUA) SUMMARY: NCUA's draft “detailed business-type budget” is being made available for public review as required by federal statute. The proposed resources will finance the agency's annual operations and capital projects,...

Conversion to State-Chartered Credit Union

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) solicits public comment on a proposal to remove a regulatory provision regarding the process for maintaining federal share insurance following the conversion of a federal credit union...

Nonconforming Investment Special Reserve

( printed page 66532) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the requirements for federal share insurance. This action would remove the requirement for federally insured,...

Fannie-Freddie Watchdog Stokes Quiet Fight With White House

While the CFPB grabs headlines, another independent U.S. regulator is quietly locked in its own showdown with the Trump administration. The Federal Housing Finance Agency is in deep discussions with the White House over what to do with more than $7 billion owed...

Lending Director Fired for Alleged $825,000 Embezzlement

In a move that is seldom taken by credit unions, the $213 million Florida State University Credit Union announced Thursday the firing of a long-time employee who allegedly embezzled $825,000 over three years. The Tallahassee-based credit union said Kevin Lee, 33,...

House Members Introduce Resolution to Nullify CFPB Payday Rule

A bipartisan group of House members on Friday introduced a resolution to nullify the CFPB’s payday lending rules. The rules, issued in October, but only published on Nov. 17, would crack down on an industry that critics contend charge exorbitant interest rates...

Should Bitcoin Finance Retirement?

A bitcoin IRA? What is the world coming to? The cryptocurrency has become so popular—despite fears of instability, possible illegality and potential loss—that its market value is now courting $10,000, even as industry heavyweights...