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...

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...

NWCUA Sets Goal of 75% Market Share by 2025: Onsite at MAXX

NWCUA CEO Troy Stang chats with CU Times Managing Editor Natasha Chilingerian at the MAXX Convention. Spokane, Wash. – In his President’s Address Wednesday morning at the Northwest Credit Union Association’s MAXX Convention, Troy Stang gave leaders...

Mobile Lending Creates New Fraud Risks

As lenders race to make mobile applications easy to use for the next generation of borrowers, they are increasing their risks of fraud losses in new ways, and facing costs that are difficult to predict. Trying to put a number on the cost of fraud and get a better...

Enticing the Non-Member: Onsite at MAXX

CUNA Mutual Group's Gerry Singleton discusses the behaviors and beliefs of non-credit union members. Spokane, Wash. – At the start of his breakout session during the Northwest Credit Union Association’s MAXX Convention Tuesday, CUNA Mutual Group Vice...

Passwords Weaken Company IP & Financial Data Protection

Half of all businesses still only password-protect the company IP and financial data. Those offering additional factors are choosing the weakest and most outdated options including static questions and one-time passwords. Those are two of the major findings from the...