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...

Colorado Credit Union Sues Federal Reserve Bank

The Fourth Corner Credit Union asked a Colorado federal judge last month to force the Federal Reserve Bank of Kansas City to issue a master account that would enable the Denver-based state chartered credit union to serve social groups that support legalizing...

Mobile Banking Rising to the Top for Members

Mobile banking, along with its online digital partner, now represents the budding face of banking. Yet, not all mobile features and innovation are catching on just yet at all financial institutions. “Credit Union members increasingly prefer mobile banking as...

Founders FCU Inks $6 million University Partnership Deal

South Carolina’s largest credit union the $2.1 billion Founders Federal Credit Union will pay $6 million over the next seven years to become the official credit union partner of Clemson University. The deal, announced last week, will expand the credit...

House Panel Approves Bills Supported by CU Trades

The House Financial Services Committee on Thursday approved 22 bills, many of which credit union trade groups say would provide their institutions with relief from burdensome regulations. “Most of these bills are aimed at helping smaller banks, credit unions and...

Allegiance Credit Union Board Appoints New CEO

The board of directors of the Allegiance Credit Union in Oklahoma City announced Thursday the appointment of Amy Downs as the next president/CEO. She will succeed the retiring President/CEO Lynette Leonard who led the Oklahoma credit union since 1997. Under...

Hyatt Breached Again; Hawaii, Guam & Puerto Rico Locations Affected

The Chicago-based Hyatt Hotels Corporation identified signs of unauthorized access to payment-card information used at some 41 hotels in 11 countries from March 18, 2017 to July 2, 2017. Five of the Hyatt properties affected by the breach included U.S. locations,...