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...

One CU Office Damaged, Others at Risk in California Fires

At least one credit union office has been damaged by the fires raging through California, although that number could increase as the fires ravage several counties in the state, according to officials from the California and Nevada Credit Union Leagues. An office of...

Former Credit Union Executive Sentenced in Hit-and-Run Case

Jarvis Kendrick addressing the victim's family in court. Photo credit: Florida State Attorney's Office Two years ago, a newspaper lauded Jarvis Kendrick as an emerging young leader in Central Florida’s business community. On Monday, the former senior vice...

CU Professionals Take Steps on the Career Ladder

From coast to coast this past week, credit unions announced numerous promotions, appointments and new hires. Check out the latest People news here. WEST The $1.2 billion Columbia Credit Union in Vancouver, Wash., promoted four employees to vice president positions....

CUNA Files Suit Against Equifax

CUNA has made good on its promise to go after Equifax over the credit-rating bureau’s recent data breach.  On Wednesday, the credit union industry trade association filed a class-action lawsuit in a Georgia District Court against Equifax, alleging that...

2.1% Proposed Boost in NCUA 2018 Operating Budget

The NCUA on Friday released a proposed 2018 operating budget totaling $298.2 million, a $6.1 million boost from the 2017 level. That represents a 2.1% increase from 2017.  “The 2018-2019 budget proposal is another step in our broader effort to re-align our...