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?

Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the National Credit Union Administration

SUPPLEMENTARY INFORMATION: Table of Contents I. Background II. Legal Authority III. The NCUA Licensing Proposal IV. The NCUA Standards Proposal V. General Request for Comment VI. Regulatory Procedures I. Background On July 18, 2025, President Trump signed the GENIUS...

A CUSO Business Model That “Shows Credit Unions The Money” – NACUSO

By Guy MessickAdvisorNACUSO Business Services “Show me the money!” Credit unions are having a Jerry Maguire moment. Credit unions need more money and they need it now. To remain competitive, it is essential that credit unions grow to meet the changing expectations of...

Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rule

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is seeking comment on a proposed rule that would increase two thresholds in its regulation implementing management official interlocks for purposes of the Depository Institution...

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...