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?

Dependent Care and Board Member Expense Reimbursement

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board is amending its regulations concerning the reimbursement of reasonable expenses for federal credit union (FCU) officials. The amendment revises the definition of compensation to exclude...

Preemption-Federal Credit Union Non-Interest Charges and Fees

SUPPLEMENTARY INFORMATION: I. Introduction A. Background Federal credit unions (FCUs) routinely rely on third parties for a range of products and services.[1] In particular, third parties are crucial to FCUs' provision of payment cards, which are vital and deeply...

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...

CUNA Announces D.C. Move in 2018

CUNA said Wednesday it will move into a new office during the spring of 2018 at the 99M building currently under construction at Washington D.C.’s Riverfront neighborhood. The national trade organization plans to lease 22,000-square-feet on the third floor in a...

U.S. New-Home Sales Dropped in July

A decline in U.S. purchases of new homes in July may be a sign the industry took a breather following an even stronger run of sales than previously reported, according to government data Wednesday. Highlights of New Home Sales (July) Single-family home sales fell 9.4%...

Grand Jury Indicts Virginia Couple in CU Fraud Case

A federal grand jury returned an indictment last week against a Virginia couple in a credit union fraud case that has captured the national media spotlight because the accused formerly worked for Democratic House members, including Congresswoman Debbie Wasserman...

Credit Unions Testing 3D Holograms on ATMs

ATM transactions are typically two-dimensional experiences, but one company has plans to add a third dimension to the encounter and credit unions might get in on the action. Utah-based Prosperity Investments, which operates the Joyful ATM brand, announced this month...

Teachers CU, Veridian CU Announce Hires & Promotions

Six credit unions across the nation began to close out summer by hiring new executives and promoting employees. Plus, Securian Financial Group and Share One, Inc. hired new executives. EAST The $1.1 billion Greylock Federal Credit Union in Pittsfield, Mass., promoted...