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?

Renewal of Agency Information Collections for Comments Request: Proposed Collections

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice and request for comments. SUMMARY: The National Credit Union Administration (NCUA) will submit the following information collection requests to the Office of Management and Budget (OMB) for review and...

Community Development Revolving Loan Fund

SUPPLEMENTARY INFORMATION: Table of Contents Basic Information Eligibility Program Description Eligible Activities Application Contents and Format Submission Requirements and Deadlines Application Review Information Award Notices Post-Award Requirements and...

Beyond Processing | Core As A Strategic Enablement Platform – NACUSO

By Jennifer BerryVise President of Core Conversions and ConsultingSynergent For years, credit unions have viewed the core primarily as a transactional processing system—the operational engine responsible for maintaining accounts, posting transactions, balancing...

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...

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...