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?

Accuracy of Advertising and Notice of Insured Status

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is issuing this proposed rule to streamline its regulations governing advertising and the notice of insured status. This proposed rule would eliminate provisions concerning the...

Limits on Loans to Other Credit Unions

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) seeks comment on a proposed rule to remove the regulations related to approval and policies on making loans to other credit unions. While this provision will no longer be codified in...

Catastrophic Act Reporting

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is publishing this proposed rule to amend the requirements for federally insured credit unions (FICUs) to report catastrophic acts to the agency. By providing more time for FICUs to...

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By Cassie Schock Partnerde Risk Partners The New Reality for Credit Unions Credit unions are under pressure to keep pace with digital transformation. Members now expect seamless digital payments, faster lending decisions, and personalized financial tools. Fintech...

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By Justin Hayes Client-Partner Success ManagerASAPP Financial Technology Credit unions have always stood apart from the big banks by focusing on what matters most, people. Members aren’t treated as transactions or account numbers; they are individuals with unique...

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By David Dean Head of M&AEvergreen Financial Technology Group Federal law lets credit unions invest or lend up to 1% of their net worth in credit union service organizations, and the collaborative spirit of the industry has given rise to more than 1,100 CUSOs...