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?

Advocacy in Action – NACUSO

Why NACUSO Shows Up in Washington Each year, thousands of credit union leaders gather in Washington, D.C. for the Governmental Affairs Conference (GAC). While the conference is known for its energy, scale, and tradition, at its core GAC represents something far more...

Sunshine Act Meetings

This site displays a prototype of a “Web 2.0” version of the daily Federal Register. It is not an official legal edition of the Federal Register, and does not replace the official print version or the official electronic version on GPO’s govinfo.gov. The documents...

Records Preservation Program and Appendices-Record Retention Guidelines; Catastrophic Act Preparedness Guidelines

AGENCY: National Credit Union Administration (NCUA). SUMMARY: On April 24, 2024, the NCUA Board (Board) published an advance notice of proposed rulemaking (ANPR) to solicit comments on ways the agency can improve and update its vital records preservation program...

Former CU CEO Pleads Guilty to $466,000 Bank Fraud

It took federal investigators nearly four years to catch up to a former president/CEO who pleaded guilty Wednesday to 17 years of bank fraud that led to a loss of more than $466,000 at a Texas credit union. Susan Margaret Garza, 60, admitted in a U.S. District Court...

Credit Union Countersues Former Longtime CEO

When Gordon Simmons grew the Service Credit Union from $292 million to nearly $2.8 billion over his 20-year tenure, he was considered one of the industry’s most successful CEOs. But starting in 2015, Simmons rapidly fell from grace after starting an affair with...

Can Employers Fire Racists? Should They?

Is racism sufficient cause to fire someone from their job? In the wake of the August 12 white supremacist rally in Charlottesville, Virginia, in which three were killed and dozens injured, that’s the question buzzing in the brains of employers all over the...

U.S. Households Borrow at Fastest Pace of Expansion, Fed Says

(Bloomberg) -- American households increased their borrowing over the past year at the fastest pace of the U.S. economic expansion, according to the Federal Reserve Bank of New York. Consumer debt levels rose 4.5% in the year through June to $12.84 trillion, data...

6 Ways AI is a-Bot to Transform the Financial Service Industry

Chatbots and artificial intelligence are transforming every industry, but their greatest influence may come in the finance services industry by helping raise consumers’ financial IQ and making smarter, more calculated decisions. That is one position of Beerud...