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?

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

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By Dan Daggett COOCredit Unions First For years, Vehicle Service Contracts (VSCs) have been a reliable product for protecting members—and a profitable one for the providers behind them. But there’s a problem: in most cases, the credit union doesn’t see the profit....

Sunshine Act Meetings

This site displays a prototype of a “Web 2.0” version of the daily Federal Register. It is not an official legal edition of the Federal Register, and does not replace the official print version or the official electronic version on GPO’s govinfo.gov. The documents...

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You ask…“What is Collateral Protection Insurance”? Our competitors have done a marvelous job making Forced Placed Collateral Protection (FPCP) programs synonymous with simply saying “Collateral Protection Insurance (CPI)” and they do this because “Forced Placed” has...

NACHA & IFX Announce Merger Deal

API technology NACHA — The Electronic Payments Association and the Interactive Financial eXchange (IFX) Forum plan to combine forces in a deal they said will speed up and strengthen the development of standardized application programming interfaces (APIs)...

Cannabis CUs Move Forward Cautiously: Onsite at GAC

From left to right: CUNA Director of Advocacy Shelton Roulhac, Weedmaps Vice President of Government Relations Dustin MacDonald, Budding Solutions Founder and CEO Shanita Penny, former Colorado Director of Marijuana Coordination Andrew Freeman and Maps CU Chief Risk...

5 Credit Unions Texting Members With New Messaging Platform

Text messaging The “text me” refrain increasingly communicated at credit unions seems louder lately. Berkeley, Calif.-based Shastic signed five new customers in January for Elle, its conversational text messaging platform for credit unions. The recent...

CUs Should See Double Digit Loan Growth in 2018: Onsite at GAC

Michael Schenk, CUNA’s vice president of research policy and analysis WASHINGTON — Credit unions should see another year of double digit loan growth because the unemployment rate is expected to remain low and inflation is expected to remain tame through...