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...

Proposed Third-Party Risk Management Guidance

AGENCY: The Office of the Comptroller of the Currency (OCC), Treasury, the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA). ACTION: Proposed interagency...

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...

NWCUA Sets Goal of 75% Market Share by 2025: Onsite at MAXX

NWCUA CEO Troy Stang chats with CU Times Managing Editor Natasha Chilingerian at the MAXX Convention. Spokane, Wash. – In his President’s Address Wednesday morning at the Northwest Credit Union Association’s MAXX Convention, Troy Stang gave leaders...

Mobile Lending Creates New Fraud Risks

As lenders race to make mobile applications easy to use for the next generation of borrowers, they are increasing their risks of fraud losses in new ways, and facing costs that are difficult to predict. Trying to put a number on the cost of fraud and get a better...

Enticing the Non-Member: Onsite at MAXX

CUNA Mutual Group's Gerry Singleton discusses the behaviors and beliefs of non-credit union members. Spokane, Wash. – At the start of his breakout session during the Northwest Credit Union Association’s MAXX Convention Tuesday, CUNA Mutual Group Vice...

Passwords Weaken Company IP & Financial Data Protection

Half of all businesses still only password-protect the company IP and financial data. Those offering additional factors are choosing the weakest and most outdated options including static questions and one-time passwords. Those are two of the major findings from the...

Illinois CU League Joins CUNA Suit Against Equifax

The Illinois Credit Union League is the newest plaintiff in CUNA’s class-action suit against Equifax over the credit bureau’s recent data breach. The league said it wants to fulfill its mission to protect member credit unions from losses caused by merchant...