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?

Dependent Care and Board Member Expense Reimbursement

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board is amending its regulations concerning the reimbursement of reasonable expenses for federal credit union (FCU) officials. The amendment revises the definition of compensation to exclude...

Preemption-Federal Credit Union Non-Interest Charges and Fees

SUPPLEMENTARY INFORMATION: I. Introduction A. Background Federal credit unions (FCUs) routinely rely on third parties for a range of products and services.[1] In particular, third parties are crucial to FCUs' provision of payment cards, which are vital and deeply...

Regulation for Federal Financial Assistance

SUPPLEMENTARY INFORMATION: I. Executive Summary The Office of Management and Budget (OMB) proposes to revise several parts of the OMB Guidance for Federal Financial Assistance located in title 2 of the Code of Federal Regulations (CFR), subtitle A, to improve and...

Survey: Retail Websites May Know CU Members Better Than You

Credit unions may have access to mountains of data, but 59% of their members apparently feel retail websites such as Amazon, Netflix and Zappos know them better than their credit unions do, according to a new survey of 2,201 U.S. adults by financial services software...

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....