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?

Bank Conversions and Mergers, Subpart C-Merger of Insured Credit Unions Into Banks

( printed page 21391) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the merger of insured credit unions into banks. The Board proposes to eliminate certain prescriptive procedural,...

Sharing is Daring – NACUSO

By Nate AndersonPresident & CEOrekindle The Control Conundrum My local community hosts a Tuesday night “running group.” They run together, then go out for drinks and food afterward. Every week they do this.  I’ve known about this group for over a year and have yet to...

Proposed New and Renewal of Agency Information Collections; 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...

HUD Federal Credit Union Names New CEO

William Kennedy was named president/CEO of the $45.3 million HUD Federal Credit Union in Washington. D.C., last week. He succeeded President/CEO Lee Hancock who retired after 33 years of service. Kennedy’s appointment was effective July 17. Kennedy most recently...

Card Data at Trump Hotels, Among Others, Breached Again

Obscured by other July headlines was news that Trump Hotels, along with Four Seasons, Hard Rock Hotels & Casinos and Loews Hotels, announced a security breach may have unleashed customer data. All the incidents related to Sabre Hospitality Solutions’, the...

Mobile App Locates ATMs, & Can Even Request a Ride

A locator app, aimed at millennial, from CO-OP Financial Services allows smartphone users to locate, and even request a ride share, to some 30,000 surcharge-free CO-OP ATMs and 5,600 locations. The downloadable app for Android and Apple iOS devices is available to the...

How is Automation Impacting the Workforce?

Technology is dramatically changing many aspects of our lives — including how we work. Many organizations and industries are looking to automate tasks or entire positions, which can make technology seem threatening for workers. A new report from...

NCUA to Close Two Regional Offices in Larger Reorg Plan

The NCUA on Friday announced the closing of its Albany, N.Y. and Atlanta, Ga. field offices as part of a larger reorganization of the agency. In announcing the plans, the NCUA said that improved efficiency, responsiveness and cost-effectiveness are the goals of the...