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?

Corporate Credit Unions; Fidelity Bond and Insurance Coverage for Federally Insured Credit Unions

( printed page 65475) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) seeks comment on proposed amendments to its regulations governing fidelity bond and insurance coverage for federally insured credit unions (FICUs). The proposed...

Powers of Federal Credit Unions

( printed page 65479) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend the NCUA's regulations regarding incidental powers to clarify that federal credit unions (FCUs) are not required to seek an advisory...

Central Liquidity Facility

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to adopt as final the revisions to the Central Liquidity Facility (CLF) rule made under two interim final rules (IFRs) published in the Federal Register on April 29,...

Bethpage FCU, Honor CU, NASCUS Hire & Promote

Credit union HR departments were busy this past week, with seven credit unions announcing new hires, promotions or employee awards. Plus, NASCUS hired a new executive. WEST The $1.8 billion Elevations Credit Union in Boulder, Colo., hired two industry veterans to its...

Infinity FCU Loans to Cover Costs to Gain Citizenship

Infinity Federal Credit Union launched a program in July to make personal loans up to $10,000 to Maine residents aspiring to become U.S. citizens. President/CEO Elizabeth Hayes said the Portland-based credit union ($335.1 million in assets, 15,856 members) is offering...