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Building the next generation of credit union leaders

CU Journal - Tue, 11/27/2018 - 8:19am
Institutions will only ensure their long-term prosperity if they establish the right training and empower staff. Here's how to do that.
Categories: Credit Union News

One Michigan credit union’s push for parity with federal charters

CU Journal - Tue, 11/27/2018 - 7:19am
A 2016 law expanded credit union powers in the Great Lakes State, but it also capped how CUs can invest in GSEs – a move that nearly cost one institution $6 million.
Categories: Credit Union News

GSE capital rule is hypothetical, but FHFA gets earful anyway

CU Journal - Mon, 11/26/2018 - 8:18pm
The proposal by Fannie and Freddie’s regulator to impose bank-like capital requirements would be relevant only if the companies leave conservatorship. But that hasn’t stopped lenders from requesting changes.
Categories: Credit Union News

NCUA names new chief economist

CU Journal - Mon, 11/26/2018 - 4:17pm
Andrew Leventis will take over for Ralph Monaco, who is retiring in December after seven years with the regulator.
Categories: Credit Union News

New CEO to take helm at CU Holding

CU Journal - Mon, 11/26/2018 - 3:17pm
Mike Walrod will lead CU Holding, a subsidiary of Mazuma Credit Union that oversees several credit union service organizations.
Categories: Credit Union News

Banks' targets for CRA reform go way beyond just credit unions

CU Journal - Mon, 11/26/2018 - 1:17pm
Regulators have yet to issue a formal plan for updating the Community Reinvestment Act, but a list of questions about the reform effort issued by the Office of the Comptroller of the Currency has produced a treasure trove of public feedback.
Categories: Credit Union News

Week ahead: CFPB leadership, government funding and more

CU Journal - Mon, 11/26/2018 - 12:17pm
Lawmakers this week are expected to consider Kathy Kraninger's nomination to the CFPB along with reauthorization of the National Flood Insurance Program.
Categories: Credit Union News

How Zelle plans to recapture the smaller banks, credit unions it left behind

CU Journal - Mon, 11/26/2018 - 11:17am
A year after its launch, Zelle’s P2P payment volume has rapidly expanded through usage at the nation’s largest banks. But enabling smaller institutions to offer it to their customers is proving to be more challenging.
Categories: Credit Union News

Another year, another dividend for Western Division FCU members

CU Journal - Mon, 11/26/2018 - 8:17am
The New York-based credit union has returned more than $7.6 million to members since 2003.
Categories: Credit Union News

Are credit unions missing a chance to improve efficiency?

CU Journal - Mon, 11/26/2018 - 7:17am
Cash recyclers have their place in a branch. But other solutions may help credit unions save time and money when processing large transactions.
Categories: Credit Union News

Shattering the glass ceiling – up to a point

CU Journal - Mon, 11/26/2018 - 7:17am
The majority of credit unions are run by women, according to a recent study, but that positive news doesn't paint the full picture.
Categories: Credit Union News

As CECL anxiety mounts, FASB is in no rush to consider alternative

CU Journal - Wed, 11/21/2018 - 3:08pm
Bank groups are pushing a variety of proposals to delay the loan-loss rule or soften its impact. The accounting standards board has agreed to review at least one of them — but at a pace that might not be fast enough for lenders.
Categories: Credit Union News

Florida, Alabama credit unions continue growth streak

CU Journal - Wed, 11/21/2018 - 2:08pm
Loan growth in both states exceeded the national average through the first half of the year, along with improvements in delinquencies and average assets.
Categories: Credit Union News

Making a difference for kids: Credit unions in the community

CU Journal - Wed, 11/21/2018 - 1:08pm
From fighting childhood hunger to helping college-bound students, here's another look at how credit unions are giving back.
Categories: Credit Union News

City of Boston CU to merge with two small institutions

CU Journal - Wed, 11/21/2018 - 12:08pm
City of Boston Credit Union also expanded its field of members earlier this year. The moves are part of a long-term growth strategy to remain competitive.
Categories: Credit Union News

Amazon data glitch could hinder plans for point of sale

CU Journal - Wed, 11/21/2018 - 12:08pm
There's never a good time to expose customer data, but the incident Amazon disclosed Wednesday could upend two major events: Black Friday/Cyber Monday and a reported effort to get merchants to accept Amazon at the point of sale.
Categories: Credit Union News

Credit unions' Black Friday balancing act

CU Journal - Wed, 11/21/2018 - 11:08am
Many credit unions are pushing credit card offers in advance of Black Friday while also encouraging responsible spending.
Categories: Credit Union News

What it takes to be the best

CU Journal - Wed, 11/21/2018 - 7:08am
From digital assistants and new branching strategies to revamped hiring processes and improved cybersecurity, these are the winners of the 2018 Best Practices Awards.
Categories: Credit Union News

Alexa, how did this credit union win a Best Practices Award?

CU Journal - Wed, 11/21/2018 - 7:08am
In a push to be on the leading edge of technology, Tennessee-based Enrichment Federal Credit Union launched a service through Amazon's Alexa by first making sure employees knew what to do.
Categories: Credit Union News

Former Municipal Credit Union CEO pleads guilty to embezzlement charges

CU Journal - Tue, 11/20/2018 - 8:07pm
In a plea agreement, Kam Wong consented to forfeit and repay more than $9.8 million embezzled from the New York credit union. He is scheduled to be sentenced in April 2019.
Categories: Credit Union News

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