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?

Anti-Money Laundering and Countering the Financing of Terrorism Programs

( printed page 18304) AGENCY: Office of the Comptroller of the Currency, Treasury; Federal Deposit Insurance Corporation; and the National Credit Union Administration. ACTION: Notice of proposed rulemaking. SUMMARY: The Office of the Comptroller of the Currency (OCC),...

Chartering and Field of Membership

( printed page 17769) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) proposes to amend the associational common bond provisions of its chartering and field of membership (FOM) rules. The proposed FOM amendment would clarify that...

Sunshine Act Meetings

This site displays a prototype of a “Web 2.0” version of the daily Federal Register. It is not an official legal edition of the Federal Register, and does not replace the official print version or the official electronic version on GPO’s govinfo.gov. The documents...

ATM Fees Hit Record High

ATM fees hit a record high for the 11th year in a row and checking fees also increased, according to Bankrate.com’s checking study released earlier this month. The average total cost of an out-of-network ATM withdrawal is $4.69, up 2.6% from $4.57 last...

CU Trades Seek Help From Congress & DoJ in ADA Battle

Credit union trade groups are urging Congress to enact legislation and the Justice Department to issue final rules that would assist businesses in fighting lawsuits contending that their websites violate Americans With Disabilities Act. At least nine lawsuits have...

CO-OP Announces Mobile Banking Biometric Security & Other Upgrades

Rancho Cucamonga, Calif. Based CO-OP Financial Services announced Mobile Banking 3.0, bringing new features to the company’s mobile banking product line. Upgrades include Touch ID authentication and expanded payment options. Mobile Banking 3.0 is available for...

Colorado Credit Union Sues Federal Reserve Bank

The Fourth Corner Credit Union asked a Colorado federal judge last month to force the Federal Reserve Bank of Kansas City to issue a master account that would enable the Denver-based state chartered credit union to serve social groups that support legalizing...

Mobile Banking Rising to the Top for Members

Mobile banking, along with its online digital partner, now represents the budding face of banking. Yet, not all mobile features and innovation are catching on just yet at all financial institutions. “Credit Union members increasingly prefer mobile banking as...

Founders FCU Inks $6 million University Partnership Deal

South Carolina’s largest credit union the $2.1 billion Founders Federal Credit Union will pay $6 million over the next seven years to become the official credit union partner of Clemson University. The deal, announced last week, will expand the credit...