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?

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As a Premier Partner of NACUSO, Evergreen Financial Technology Group (EFTG) invests in mission-critical software businesses that operate independently but share a common belief that credit unions are vital to the fabric of our society. Our portfolio companies combine...

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....

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NACUSO Member of the Month 90-days to Innovation:Turning Insight into Action for Credit Unions At Community Financial, we believe in the power of cooperative finance. And our beloved credit union industry is a unique one, because credit unions are built to care. We...

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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...