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...

Cybercrime Costs Global Economy $860K Per Evil Internet Minute

Cybercriminals cost the global economy $454 billion last year. In a single evil internet minute, malicious activity costs international commerce $858,153 and victimizes 1,080 people, according to San Francisco based RiskIQ. Despite businesses’ best efforts to...

Partner Colorado CU Launches Cannabis Banking CUSO

Credit unions looking to enter the cannabis banking market can now turn to a CUSO for help rolling out and managing a cannabis banking program – something that is known to be a labor-intensive, compliance-heavy task.  Partner Colorado Credit Union today...

Cybersecurity Still Top Compliance Concern: Poll

Cybersecurity remains the top concern for registered investment advisors, with 86% of respondents in a just-released poll by the Investment Adviser Association flagging “cybersecurity/privacy/identity theft” as their “hottest” compliance topic...

How American Families Pay for College: 2017

Here’s how a typical family financed a college education in 2016-2017 according to the latest annual report, How America Pays for College, from Sallie Mae: Scholarships & grants:                ...

Acting Comptroller Endorses Fintech Charter Plan

Acting Comptroller Keith Noreika Wednesday endorsed his predecessor’s plan to issue national bank charters to fintech companies. Speaking at the Exchequer Club in Washington, Noreika also said that despite a lawsuit challenging the OCC’s power to issue...

2017 Breaches, So Far, Setting a Record Pace

U.S. breaches are on a record pace, again, following a record-breaking 2016, according to a report from the San Diego-based Identity Theft Resource Center and Providence, R.I.-based CyberScout (formerly IDT911). The number of U.S. data breaches tracked through June...