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?

Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the National Credit Union Administration

SUPPLEMENTARY INFORMATION: Table of Contents I. Background II. Legal Authority III. The NCUA Licensing Proposal IV. The NCUA Standards Proposal V. General Request for Comment VI. Regulatory Procedures I. Background On July 18, 2025, President Trump signed the GENIUS...

A CUSO Business Model That “Shows Credit Unions The Money” – NACUSO

By Guy MessickAdvisorNACUSO Business Services “Show me the money!” Credit unions are having a Jerry Maguire moment. Credit unions need more money and they need it now. To remain competitive, it is essential that credit unions grow to meet the changing expectations of...

Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rule

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is seeking comment on a proposed rule that would increase two thresholds in its regulation implementing management official interlocks for purposes of the Depository Institution...

NCUA Liquidates N.Y. State Employees FCU

The NCUA on Friday liquidated New York State Employees Federal Credit Union. Palisades Federal Credit Union of Pearl River, N.Y., immediately assumed most of the liquidated credit union’s assets and all members, shares and loans of the New York City-based credit...

Most Consumers Satisfied With How FIs Handle Account Fraud

While 15% of U.S. consumers spotted fraudulent activity on their accounts last year, 85% said they were satisfied with how their credit union or bank handled the incident, according to a new survey commissioned by the Ottawa, Canada-based March Networks. The online...

Mastercard to Abandon Signatures at Checkout

Mastercard has announced it will stop requiring signatures at checkout for credit or debit purchases in Canada and the U.S. after April 2018. “Eliminating the need for signature is another step in the digital evolution of payments and payment security. At first...

Mobile Engagement Surpasses Internet Banking at Vons CU

Vons Credit Union announced that for the first time, mobile engagement surpassed internet banking interactions. The credit union utilizes the Austin, Texas-based digital banking provider Malauzai’s MalauzaiOne virtual banking solution. According to...

Number of 2017 Breaches Tops 2016 Record High

The number captured in the 2017 ITRC Breach Report now totals 1,103, an increase of 22.4% over last year's record pace for the same period (901). As of Oct. 18, the breach total also represents 171,588,466 reported exposed records, according to the report from the San...

Credit Unions Roll Out New Names, New Brands

Credit unions in Minnesota and Virginia recently introduced their new name and new brands. Chartered in 1933 in Duluth, Minn., the Duluth Teachers Credit Union changed its name to the Harbor Pointe Credit Union. Harbor Pointe CU was selected as the new name because it...