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?

NCUA Draft 2027-2028 Budget

AGENCY: National Credit Union Administration (NCUA) SUMMARY: NCUA's draft “detailed business-type budget” is being made available for public review as required by federal statute. The proposed resources will finance the agency's annual operations and capital projects,...

Conversion to State-Chartered Credit Union

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) solicits public comment on a proposal to remove a regulatory provision regarding the process for maintaining federal share insurance following the conversion of a federal credit union...

Nonconforming Investment Special Reserve

( printed page 66532) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the requirements for federal share insurance. This action would remove the requirement for federally insured,...

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,...

Leagues Pile On, Joining CUNA’s Equifax Lawsuit

Three credit union leagues have joined CUNA in its lawsuit against Equifax over the credit bureau’s recent data breach that compromised personal financial information for more than 145 million people. The Credit Union Association of New Mexico, the...

Equifax Says Vendor Responsible for Malicious Content on Website

It wasn’t us. Equifax Inc. said it was a third-party vendor that served malicious content on its website and it has taken the page offline to conduct further analysis. “Equifax can confirm that its systems were not compromised and that the reported issue...

Equifax Pulls Web Page Offline After Another Possible Attack

Equifax Inc. pulled one of its customer help pages from its site so the company’s security team can investigate reports of another possible cyber attack. "We are aware of the situation identified on the equifax.com website in thecredit report assistance link,"...