NCUA

At the median, credit unions saw growth slacken in several key areas during the year ending at June 30.

In an interview with Credit Union Journal, Todd Harper, NCUA board member, said the regulator was working to avert similar problems in the future.

The chairman of the National Credit Union Administration gave CU Journal more details on the agency’s forthcoming rule providing guidance for credit unions purchasing banks.

As credit union leaders converge on Washington, here's a look at some of the biggest legislative and regulatory issues facing the industry – and what it might take to move the needle.

The NCUA said credit unions can now serve hemp businesses but uncertainty remains around important issues like due diligence.

With legal questions still lingering, the regulator said it will begin accepting applications from credit unions looking to take advantage of its revised field of membership rule but did not specify when it would take action on those submissions.

Loans and net income continued to rise while delinquency rates improved. Other major trends continue, including ongoing consolidation amid sustained membership growth.

Citing insurance concerns, Anchorage-based Credit Union 1 shut down its marijuana-banking pilot program after less than one year. The move reflects lingering hesitation around banking the industry.

Alan Kaufman was one of six individuals in August to be barred from having any dealings with the affairs of a federally insured financial institution.

Cobalt Credit Union will absorb Community Hope FCU after being approached by the National Credit Union Administration.