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,...

Top 10 Credit Unions Post Strong 2Q Income

Net income for the top 10 credit unions rose 18% in the second quarter with strong gains in interest and fee income despite a slowdown in real estate lending. An analysis of the latest NCUA call reports by CU Times show the largest credit unions based on assets...

U.S. ATM Count Hits Half-Million Mark

The number of ATMs in the United States has grown to between 475,000 and 500,000, according to new data out this week from the ATM Industry Association.  The trade group reported that the financial services industry has been adding more terminals after years of...

These People Pay the Most Overdraft Fees

(Bloomberg) -- Perhaps the most despised bank fee among consumers is the overdraft fee, an ugly $30 (or so) insult to your wallet. Many consumers have been hit with it at one time or another, usually when it’s the absolute last thing they need. The...

6 Essential Aspects of Workplace Culture

Yet another study is showing that money isn’t the only thing that can make a worker stay — and it’s not even at the top of the list for many employees.  The main ingredients to crafting a successful culture are purpose, opportunity,...

University Credit Union Names New CEO

The board of directors for the $616 million University Credit Union in Los Angeles said last week David Tuyo was named its new president/CEO. He succeeded Paul Yang who was appointed president/CEO at the $996 million Credit Union 1 in Anchorage, Alaska in December....