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...

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...

Northwest FCU Names New CEO

Northwest Federal Credit Union’s board has promoted Jeff Bentley (pictured) to president/CEO, replacing Chris McDonald who left unannounced earlier this year. Bentley, who has been serving as interim CEO for several months, was previously SVP of lending and...

What Does it Take to Make Employees Happy?

In this “age of the employee,” what does it take to make workers happy? Getting a decent paycheck still tops the list, according to Adecco USA’s Best-in-Class Workforce Management Insights. Adecco USA, in conjunction with Aberdeen Group,...

Online Romance Leads to $1.2 Million Fraud

An Ohio man allegedly used the allures of a romantic relationship to get a woman who worked at a California credit union to open nearly $3 million in fraudulent lines of credit that led to more than $1.2 million in losses, according an FBI cybercrimes investigator....