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?

Renewal of Agency Information Collections for Comments Request: Proposed Collections

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice and request for comments. SUMMARY: The National Credit Union Administration (NCUA) will submit the following information collection requests to the Office of Management and Budget (OMB) for review and...

Community Development Revolving Loan Fund

SUPPLEMENTARY INFORMATION: Table of Contents Basic Information Eligibility Program Description Eligible Activities Application Contents and Format Submission Requirements and Deadlines Application Review Information Award Notices Post-Award Requirements and...

Beyond Processing | Core As A Strategic Enablement Platform – NACUSO

By Jennifer BerryVise President of Core Conversions and ConsultingSynergent For years, credit unions have viewed the core primarily as a transactional processing system—the operational engine responsible for maintaining accounts, posting transactions, balancing...

New Credit Unions Offer Hope

Small community organizers hope credit union model will help people of color achieve financial sustainability.

Overqualified Employees Less Satisfied & Committed

If a worker is feeling overqualified in their current job, perhaps it is time to move on. This is according to a meta-analysis of 25 years of studies on “perceived overqualification,” published in the Journal of Vocational Behavior. Researchers...

Retirement Planning Is Exciting: Consumers

For many U.S. adults, the idea of thinking about having enough money for retirement may be more exciting than it is scary, according to analysts at Lincoln Financial Group. The opposite appears to be true of thinking about unexpected medical bills....

NCUA Approved May Mergers Increase

In May, the NCUA approved 17 mergers with the largest consolidations occurring in Washington, California and North Dakota. The number of mergers in May picked up from April when the federal agency gave the green light to only 11 consolidations. The largest approved...

Gone Phishing: The Top 10 Attractive Lures

What are the most attractive phishing lures? Security alerts, vacation and sick time policy announcements, and package delivery notifications, according to simulated test findings from Tampa Bay, Fla. cybersecurity firm KnowBe4. KnowBe4 tracked the most-clicked email...

Fill in the Blank

Banking at a credit union has become “_anking” in Canada. Like many of our online readers, I was smacked right in the funny bone by Canada’s financial experts recently and their decision to force credit unions to stop using the words...