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...

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...

States Expand Student Lender Probes to Forgiveness Program

A prominent U.S. Department of Education loan contractor became the latest target of a broadening enforcement effort by state attorneys general Wednesday.  Massachusetts sued the Pennsylvania Higher Education Assistance Agency, which does...