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?

NCUA Draft 2027-2028 Budget

AGENCY: National Credit Union Administration (NCUA) SUMMARY: NCUA's draft “detailed business-type budget” is being made available for public review as required by federal statute. The proposed resources will finance the agency's annual operations and capital projects,...

Conversion to State-Chartered Credit Union

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) solicits public comment on a proposal to remove a regulatory provision regarding the process for maintaining federal share insurance following the conversion of a federal credit union...

Nonconforming Investment Special Reserve

( printed page 66532) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the requirements for federal share insurance. This action would remove the requirement for federally insured,...

Don’t Allow Your Consultants to Do This

At this point, it’s become an industry – consultants who have grown up over the last decade helping banks and credit unions negotiate new agreements or renewals with their payments vendors – networks, processors, internet banking and bill pay...

ADA Lawsuits Against CUs More Than Double in a Month

The number of lawsuits filed in Virginia District Courts against credit unions over the accessibility of their websites has risen from nine to more than 20 in the last four weeks, court documents show. All of the suits — at least 23 at the time of...

Washington’s Largest CU Unveils New Logo, Brand Identity

The $17.5 billion BECU, Washington’s largest credit union, unveiled a new logo and brand identity Thursday. The new logo features the white letters of BECU that are separated by vertical white lines. These elements of the new logo are surrounded by a red...

NCUA Bans Five Former CU Employees

The NCUA earlier this week banned a former accounting specialist, a former board attorney and three other former credit union employees. Anna Chaberek, who worked as an accounting specialist for the $27 million Enterprise Credit Union in Brookfield, Wis., pleaded...

Singles, Couples Need Different Retirement Planning

While the same principles apply in planning for retirement for singles or for couples, the way plans are implemented is different. So says a report on Marketwatch, which points out that singles will “likely” have a...