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?

Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the National Credit Union Administration

SUPPLEMENTARY INFORMATION: Table of Contents I. Background II. Legal Authority III. The NCUA Licensing Proposal IV. The NCUA Standards Proposal V. General Request for Comment VI. Regulatory Procedures I. Background On July 18, 2025, President Trump signed the GENIUS...

A CUSO Business Model That “Shows Credit Unions The Money” – NACUSO

By Guy MessickAdvisorNACUSO Business Services “Show me the money!” Credit unions are having a Jerry Maguire moment. Credit unions need more money and they need it now. To remain competitive, it is essential that credit unions grow to meet the changing expectations of...

Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rule

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is seeking comment on a proposed rule that would increase two thresholds in its regulation implementing management official interlocks for purposes of the Depository Institution...

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...

CU Teller Pleads Guilty to Embezzlement

Former teller Teresa Ann Perkins admitted earlier this week that she embezzled $320,000 from members for nearly 11 years at the $23 Community United Federal Credit Union. She was indicted in June, two months after the NCUA placed the Waycross, Ga.-based credit union...