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...

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...

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...