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 Collections for Comments Request: Proposed Collections

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice and request for comments. SUMMARY: The National Credit Union Administration (NCUA) will submit the following information collection requests to the Office of Management and Budget (OMB) for review and...

Community Development Revolving Loan Fund

SUPPLEMENTARY INFORMATION: Table of Contents Basic Information Eligibility Program Description Eligible Activities Application Contents and Format Submission Requirements and Deadlines Application Review Information Award Notices Post-Award Requirements and...

Beyond Processing | Core As A Strategic Enablement Platform – NACUSO

By Jennifer BerryVise President of Core Conversions and ConsultingSynergent For years, credit unions have viewed the core primarily as a transactional processing system—the operational engine responsible for maintaining accounts, posting transactions, balancing...

Former Washington CEO Faces Theft & Arson Charges

A former president/CEO of a Washington credit union who allegedly stole more than $350,000 and burned bank documents during an NCUA examination will be arraigned in a county court on July 31 for theft and arson, according to police and prosecutors. Krista Stephanie...

Exploring Location-Based Partnerships … With Tacos!

Partnerships are a funny thing. In life, you look for a partner to balance you out – someone who’s stronger where you’re weakest. It’s the same in business. We’re watching new partnerships being created all across the credit union space,...

House Democrats Accuse Republicans of Harassing CFPB

Republicans on the House Financial Services Committee are harassing the CFPB in an effort to undermine the agency’s work, committee Democrats charge in a new staff report. "Republicans in Congress have been clamoring to weaken and ultimately destroy the consumer...

‘Stunning’ Increase in Data Breaches in 2017

The amount of information exposed due to data breaches has hit a terrifying new high-water mark, according to findings released this week from Richmond, Virginia-based cyberanalytics firm Risk Based Security.   Between January 1 and June 30 of this year, there...

Is Millennial Household Formation on the Rise?

Since the end of the recession, millennials have been moving out of their parents’ basements and renting, but now they too want to buy, First American Financial Corp.’s chief economist Mark Fleming tells GlobeSt.com. In a recent report from...