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...

Corporate Credit Unions

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations for corporate credit unions by removing the requirement that a corporate credit union's asset and liability management committee (ALCO) must have...

Guidelines for Safeguarding Member Information

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to remove Appendix A to part 748, guidelines for safeguarding member information, from the Code of Federal Regulations (CFR). Appendix A was issued to satisfy the NCUA's...

Millennials Ruining Parents’ Retirement

If the parents of millennials ever want to retire, they’re going to have to shut off the money spigot for the kids. That’s according to a Money report, which said that the financial support millennials have been getting from their parents can...

Municipal Credit Union Opens FOM to St. John’s Students

Municipal Credit Union has expanded its membership field to include more than 20,000 students at St. John’s University in New York. MCU ($2.5 billion in assets, 411,052 members) made the announcement Feb. 11 along with officials from the university and its...

Oroville Dam Evacuation Order Closes CU Branches

At least six branches have been closed since Monday because of evacuation orders for areas near the precarious Oroville Dam crisis in Northern California. More than 188,000 people evacuated their homes on Sunday because of extensive damage to the dam’s primary...

Trump Won’t Defend CFPB in Court, Groups Argue

Democratic state attorneys general, two members of Congress and consumer groups are renewing their request to help defend the CFPB in court, contending that the Trump Administration is likely to abandon the agency.  The groups argue that while the Obama...

20 Top Employee Benefits, Perks for 2017

You might not pick a job solely based on the perks and benefits the company offers, but you have to admit that some temptations are more compelling than others — and, when push comes to shove, the benefits can make the difference when choosing one...

Mobile Banking Optimal for Lending Growth

Mobile banking allows credit unions to compete with larger financial institutions. It gives them a competitive edge and greater flexibility. It is also great for lending growth. A study by the Federal Reserve reported that “67% of millennials now use mobile...