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Why not everyone is happy with NCUA's $736 million payout

CU Journal - Thu, 02/15/2018 - 4:10pm
NCUA unveiled its methodology for how it would return a $736 million equity distribution from the share insurance fund, but a small group of CUs won't share in the largesse, and some still think the payment isn't big enough.
Categories: Credit Union News

Tax Law Guts Fannie’s Bottom Line; Needs $3.7B From U.S.

CU Times - Thu, 02/15/2018 - 3:57pm
The mortgage finance company lost over $6 billion in the fourth quarter because asset values declined as a result of the new tax law.
Categories: Credit Union News

Can small-dollar loans be both profitable and safe?

CU Journal - Thu, 02/15/2018 - 2:09pm
The Pew Charitable Trusts has released a set of 10 standards for banks and credit unions that want to to offer small loans to subprime customers. Among its ideas: keep monthly payments at or below 5% of the borrower’s paycheck and make loans available quickly through digital channels.
Categories: Credit Union News

GSE reform isn't dead, but it isn't going anywhere either

CU Journal - Thu, 02/15/2018 - 2:09pm
Despite a legislative push by some senators and other stakeholders to jump-start housing finance reform, efforts to form consensus over a bill once again are stuck in neutral.
Categories: Credit Union News

Trump Administration Still Offering No Guidance on ADA

CU Times - Thu, 02/15/2018 - 1:26pm
CU Times obtains a letter from Assistant AG Boyd to Congress stating whether accessibility standards are “necessary and appropriate.”
Categories: Credit Union News

Achieva Credit Union Buys Community Bank

CU Times - Thu, 02/15/2018 - 1:20pm
This is the second whole bank acquisition for Achieva and the first credit union bank purchase of the year.
Categories: Credit Union News

Four credit unions sign with POPin video banking

CU Journal - Thu, 02/15/2018 - 1:09pm
POPin Video Banking Collaboration offers video chat and simultaneous collaboration between financial institutions and the consumers they serve.
Categories: Credit Union News

NCUA Approves $735.6 Million Distribution to Credit Unions

CU Times - Thu, 02/15/2018 - 11:32am
“The check may not be in the mail yet, but it’s on the way,” said board member Rick Metsger.
Categories: Credit Union News

Combatting Weaponized PDFs & Other Threat Vehicles

CU Times - Thu, 02/15/2018 - 11:21am
What can credit unions do to fight back against a long list of cyberthreats?
Categories: Credit Union News

Pot CU gets Fed account, but still can't serve legal dispensaries

CU Journal - Thu, 02/15/2018 - 10:08am
The credit union chartered to serve legal pot businesses in Colorado got an account with the Fed but it's still got a long way to go before it can do business.
Categories: Credit Union News

U.S. Homebuilder Sentiment Remains Near Highest Level Since 1999

CU Times - Thu, 02/15/2018 - 9:34am
The report signals that home construction will continue to pick up as economic conditions remain favorable.
Categories: Credit Union News

CFPB adds eight more topics to broad review of activities

CU Journal - Wed, 02/14/2018 - 5:05pm
The CFPB sought input Wednesday about the effectiveness of its supervisory activities and added more topics, including consumer complaint reporting, to a review of all aspects of the agency's operations.
Categories: Credit Union News

Household Debt Rises for Fifth Year in a Row: NY Fed

CU Times - Wed, 02/14/2018 - 4:11pm
Credit card debt had the biggest percentage increase and student loan debt showed the biggest jump in serious delinquencies.
Categories: Credit Union News

A 'mental shift' after crash course in distributed ledger technology

CU Journal - Wed, 02/14/2018 - 4:05pm
This week marks the return of a series of intensive, hands-on training sessions in distrusted ledger technologies for credit union executives.
Categories: Credit Union News

Mulvaney looks to neuter CFPB’s most potent weapon

CU Journal - Wed, 02/14/2018 - 4:05pm
Acting Consumer Financial Protection Bureau Director Mick Mulvaney is discarding many of the policies of his predecessor but none as important perhaps as the agency's targeting of "unfair, deceptive or abusive acts or practices."
Categories: Credit Union News

How credit unions leverage a heartfelt holiday

CU Journal - Wed, 02/14/2018 - 3:04pm
From giveaways to budgeting tips and more, here's how credit unions are helping members have a romantic Valentine's Day, no matter how big or small their price point.
Categories: Credit Union News

Wisconsin CUs hit double-digit loan growth in 2017

CU Journal - Wed, 02/14/2018 - 3:04pm
On top of a banner year for lending, delinquency rates in the state are at historic lows.
Categories: Credit Union News

Technology Credit Union makes $23 million construction loan

CU Journal - Wed, 02/14/2018 - 2:04pm
The Silicon Valley-based CU is funding development of an apartment building.
Categories: Credit Union News

The Love is Fading for Digital Banking, Study Finds

CU Times - Wed, 02/14/2018 - 2:03pm
Seventy-three percent of consumers reported frustration with digital banking over the past year.
Categories: Credit Union News

CFPB Asks for Comment on Supervisory Powers

CU Times - Wed, 02/14/2018 - 12:50pm
The CFPB is also asking for public comments on complaint reporting and the rulemaking process.
Categories: Credit Union News

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