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...

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...

House Panel Approves Bills Supported by CU Trades

The House Financial Services Committee on Thursday approved 22 bills, many of which credit union trade groups say would provide their institutions with relief from burdensome regulations. “Most of these bills are aimed at helping smaller banks, credit unions and...

Allegiance Credit Union Board Appoints New CEO

The board of directors of the Allegiance Credit Union in Oklahoma City announced Thursday the appointment of Amy Downs as the next president/CEO. She will succeed the retiring President/CEO Lynette Leonard who led the Oklahoma credit union since 1997. Under...