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?

Regulation for Federal Financial Assistance

SUPPLEMENTARY INFORMATION: I. Executive Summary The Office of Management and Budget (OMB) proposes to revise several parts of the OMB Guidance for Federal Financial Assistance located in title 2 of the Code of Federal Regulations (CFR), subtitle A, to improve and...

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...

CUNA Mutual Group Reports Harvey Storm Claims

CUNA Mutual Group reported Monday it has received seven credit union claims though none have been considered catastrophic claims because of Tropical Storm Harvey, which has dumped 11 trillion gallons of rain on the Lone Star State and caused massive flooding...

Houston Credit Unions Taking it One Day at a Time

While Tropical Storm Harvey lingers over Houston forcing many credit unions to keep its branches closed on Monday, some employees whose homes have not been damaged are working remotely, posting transactions, serving members and taking it one day at a time. Like...

Update: CUs Closed, Awaiting Word of Damage in Texas

Updated: Sunday, 6:27 PM ET The Cornerstone Credit Union League has updated its list of 15 credit unions closed on Monday in flooded areas in and around Tropical Storm Harvey's path. They include: AMOCO FCU, Community Resource CU (call center will be open), Cy-Fair...

Update: Powerful Hurricane Harvey Impacting Texas Credit Unions

Updated: Friday, 11:59 PM ET Hurricane Harvey made landfall about 9:45 PM CT just northeast of Corpus Christi, Texas, according to the National Hurricane Center. CU Times is in contact with the Cornerstone Credit Union League and other credit union officials around...

Millennials Looking for Different Benefits, Perks From Work

Employers trying to puzzle out which benefits will fetch and keep millennials might be barking up the wrong tree with some of their selections.  According to a report in Employee Benefits, 16% of U.K. employees would rather have their dogs in the...

Mobile Banking Use Influences Other Channels: Raddon

Mobile banking usage grew 34% in less than a decade according to research from Lombard, Ill.-based Raddon, a Fiserv Company. The study also recommends how to optimize the technology. The report, “Raddon Research Insights: Grappling with Mobile Banking Engagement...