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?

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

Proposed Third-Party Risk Management Guidance

AGENCY: The Office of the Comptroller of the Currency (OCC), Treasury, the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA). ACTION: Proposed interagency...

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

NCUA Offers Help in Areas Hit by Hurricane Irma

As Hurricane Irma moves closer to Florida, the NCUA on Thursday reminded credit unions that the agency is prepared to provide emergency assistance to credit union members and others. President Trump Thursday issued disaster declarations for the Virgin Island, Puerto...

Knoxville Teachers FCU’s Remote Lending Strategy Success

Knoxville Teachers Federal Credit Union’s recent decision to add a remote electronic signature module to allow real-time loan-document signing online is already receiving a passing grade from its members. The $206 million credit union, which serves Knox County,...

Bankrupt Puerto Rico Set for Fresh Hit From Hurricane Irma

Puerto Rico, already dealing with a financial disaster, is about to be hit with a natural one. Hurricane Irma is barreling toward the U.S. territory of 3.5 million residents, raising the prospect of costly damage to a poverty-wracked island that collapsed into a...

Learning Cultures Drive Business Impact

The strength of an organization’s learning culture can be the single biggest driver of business impact.  In a learning culture, people develop their abilities, their technical skills improve and career advancement occurs. Learning and development...

Houston Credit Union Describes Recovery Efforts

CEO Randall Dixon outside ECCU's north branch. In addition to cleaning up a branch over the Labor Day Weekend that had been destroyed by three feet of rain dumped by Tropical Storm Harvey, the $227 million Energy Capital Credit Union is also providing its employees...

3 Ways to Revamp Your CU’s Life Insurance Offerings

A lack of consumer education, long, drawn out underwriting processes and widespread misconceptions around life insurance have provided significant headwind for credit unions seeking to provide members with important life insurance protection. But with September being...