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?

NCUA Draft 2027-2028 Budget

AGENCY: National Credit Union Administration (NCUA) SUMMARY: NCUA's draft “detailed business-type budget” is being made available for public review as required by federal statute. The proposed resources will finance the agency's annual operations and capital projects,...

Conversion to State-Chartered Credit Union

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) solicits public comment on a proposal to remove a regulatory provision regarding the process for maintaining federal share insurance following the conversion of a federal credit union...

Nonconforming Investment Special Reserve

( printed page 66532) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the requirements for federal share insurance. This action would remove the requirement for federally insured,...

Warning of Potential Hurricane Harvey Phishing Scams

US-CERT warned users to remain vigilant for malicious cyberactivity centered around Hurricane Harvey including exercising caution with any storm-related emails, attachments, or hyperlinks, even those appearing to originate from trusted sources. Fraudulent emails often...

CUAid Activated, CU Closures Climb in Flooded Areas

Updated: Tuesday, 9:42 AM ET Cornerstone Credit Union League officials said eight Houston-area credit unions are "closed until further notice." These credit unions have 26 full-time and part-time employees, 9,694 members and $68.7 million in assets as of March...

CUNA Mutual Group Reports Harvey Storm Claims

CUNA Mutual Group reported Monday it has received seven credit union claims though none have been considered catastrophic claims because of Tropical Storm Harvey, which has dumped 11 trillion gallons of rain on the Lone Star State and caused massive flooding...

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...