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?

Nondiscrimination Requirements

( printed page 1467) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is publishing this proposed rule to remove a redundant and outdated regulation regarding nondiscrimination in lending. While the regulation was intended to...

Chartering and Field of Membership for Federal Credit Unions-Interpretive Rulings and Policy Statements

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board proposes to rescind its Interpretative Ruling and Policy Statement 08-2 (IRPS 08-2). Rescinding IRPS 08-2 would ease the compliance burden on Federal credit unions (FCUs) by limiting the...

Chartering and Field of Membership for Federal Credit Unions-Interpretive Rulings and Policy Statements

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) proposes to rescind its Interpretative Ruling and Policy Statement 10-1 (IRPS 10-1), which was issued as an amendment to IRPS 08-2. Rescinding IRPS 10-1 would ease the compliance...

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NACUSO Member of the Month 90-days to Innovation:Turning Insight into Action for Credit Unions At Community Financial, we believe in the power of cooperative finance. And our beloved credit union industry is a unique one, because credit unions are built to care. We...

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You ask…“What is Collateral Protection Insurance”? Our competitors have done a marvelous job making Forced Placed Collateral Protection (FPCP) programs synonymous with simply saying “Collateral Protection Insurance (CPI)” and they do this because “Forced Placed” has...

NACHA & IFX Announce Merger Deal

API technology NACHA — The Electronic Payments Association and the Interactive Financial eXchange (IFX) Forum plan to combine forces in a deal they said will speed up and strengthen the development of standardized application programming interfaces (APIs)...

Cannabis CUs Move Forward Cautiously: Onsite at GAC

From left to right: CUNA Director of Advocacy Shelton Roulhac, Weedmaps Vice President of Government Relations Dustin MacDonald, Budding Solutions Founder and CEO Shanita Penny, former Colorado Director of Marijuana Coordination Andrew Freeman and Maps CU Chief Risk...

5 Credit Unions Texting Members With New Messaging Platform

Text messaging The “text me” refrain increasingly communicated at credit unions seems louder lately. Berkeley, Calif.-based Shastic signed five new customers in January for Elle, its conversational text messaging platform for credit unions. The recent...