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?

Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the National Credit Union Administration

SUPPLEMENTARY INFORMATION: Table of Contents I. Background II. Legal Authority III. The NCUA Licensing Proposal IV. The NCUA Standards Proposal V. General Request for Comment VI. Regulatory Procedures I. Background On July 18, 2025, President Trump signed the GENIUS...

A CUSO Business Model That “Shows Credit Unions The Money” – NACUSO

By Guy MessickAdvisorNACUSO Business Services “Show me the money!” Credit unions are having a Jerry Maguire moment. Credit unions need more money and they need it now. To remain competitive, it is essential that credit unions grow to meet the changing expectations of...

Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rule

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is seeking comment on a proposed rule that would increase two thresholds in its regulation implementing management official interlocks for purposes of the Depository Institution...

Equifax Breach a Game-Changer for CU Fraud

Credit unions should immediately evaluate their credit reporting practices, find ways to get better breach data and prepare for a spike in fraud in the wake of Equifax’s enormous data breach, two experts have warned. The Equifax breach, announced Sept. 7,...

Irma’s Aftermath Continues to Take Toll on Florida CUs

The aftermath of Hurricane Irma continued to take its toll on Florida’s credit unions, employees and members as they headed into the weekend with no power or running water, the League of Southeastern Credit Unions reported Friday. The greatest challenge for the...

Democrats Press DeVos to Renew Cooperation With CFPB

Calling the CFPB a crucial watchdog of student loan servicers, some 39 congressional Democrats are pressing Education Secretary Betsy DeVos to again share servicer information with the consumer agency. “Contrary to the department’s assertion, Congress has...

A Blueprint: How to Win Big on Advocacy

What does modern-day advocacy look like? For certain, it’s still pounding the pavement of Capitol Hill, pressing the flesh, putting in face time with your members of Congress. In my time serving in office, the stories that struck me the most were always those I...

Two Storms, a Data Breach and Some Dreamers Walk Into a Bar

There are times in the credit union industry when it’s just busy – I’m talking wicked busy. The kind of all-hands-on-deck busy when so much is happening at once that you even dream about work and the storms, politics, housing markets and zombies....