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Market Intelligence:
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  • The coronavirus threat is growing. Don't be scared, be prepared.

    Given the possibility of a nationwide outbreak, the time is now for credit unions to take steps to protect themselves and their members.

    February 28
    Jason Perry
    Trident Shield
  • M&A
    As credit unions hit pause on bank purchases, is it a sign of a trend?

    Credit unions could be feeling some of the heat from critics of their bank takeovers, or simply gearing up for another round of activity.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    February 28
  • Succession planning
    Heritage FCU divides CEO and president roles to sharpen focus on deals

    Tony Aylsworth, chief risk officer, is taking over as president so CEO David Milligan can concentrate on acquisitions.

    By Melissa Angell
    Reporter
    February 27
  • Diversity and equality
    African American, Latino groups partner to advance credit union diversity

    The collaboration is the African-American Credit Union Coalition's second high-profile announcement related to DEI issues so far this year.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    February 27
    business1.jpeg
  • As auto lending moves from on the lot to online, CUs must follow suit

    Credit unions that don't embrace digital retailing as part of their auto lending strategy will end up spinning their wheels.

    February 27
    Art Saldana
    Art Saldana
    Cox Automotive
  • Capital
    Banks are worried about NCUA’s new sub debt rule. Should they be?

    Though the agency plans to give more credit unions authority to issue subordinated debt, limited investor appetite and other factors could hamper activity.

    John Reosti Author Image
    By John Reosti
    Reporter
    February 27
  • Lending
    Bipartisan bill would extend loan maturity limits for FCUs

    The proposal is the fourth piece of legislation unveiled this week to tweak the Federal Credit Union Act.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    February 26
    p1aq9c5hluce5te91pk61l3i1li8q.jpg
  • Cyber Security
    Harper renews NCUA's call for vendor oversight powers

    National Credit Union Administration board member Todd Harper also emphasized the risks of poor succession planning during remarks on Wednesday.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    February 26
    NCUA board member Todd Harper speaks during the 2020 CUNA GAC
  • CECL
    House lawmakers offer CECL, pot banking updates at GAC

    Rep. Blaine Luetkemeyer, R-Mo., said Congress has "got to be pushing back" against the Current Expected Credit Losses standard, while Rep. Steve Stivers, R-Ohio, indicated that not all Republicans view the cannabis banking issue the same way.

    Neil Haggerty is the Congress reporter for American Banker.
    By Neil Haggerty
    Reporter
    February 26
    “We have got to be pushing back on this. … This is going to be devastating I think to our economy as a whole,” said Rep. Blaine Luetkemeyer, R-Mo.
  • Finance, investment and tax-related legislation
    New legislation would reduce CU board meeting requirements

    The third credit union-related bill introduced this week would cut credit unions’ annual required board meetings to just six times per year.

    By Melissa Angell
    Reporter
    February 26
    AdobeStock_117090770.jpeg
  • ICBA
    Bankers to Congress: Turn up the heat on CUs during Hill visits

    ICBA outlined a series of questions for lawmakers that would force credit unions to defend the industry's practices during meetings with local representatives.

    By Melissa Angell
    Reporter
    February 26
    Capitol Hill, Washington D.C.
  • Election 2020
    Stand by your candidate? Well, that depends.

    Recent political controversies are forcing credit unions and industry groups to reconsider their support for lawmakers they previously endorsed.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    February 26
    CUJ 021120 - Fundraising.jpeg
  • Failures
    Hood defends NCUA's unpopular decision to sell taxi medallion loans

    The regulator completed a thorough process, which included ensuring investors would treat borrowers well, before settling on a buyer.

    By Melissa Angell
    Reporter
    February 25
  • Law and regulation
    Senate bill would ease member-expulsion process

    Legislation introduced Monday would go beyond changes the National Credit Union Administration put in place last year and increase parity with state-chartered institutions.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    February 25
    p19ifqe55asmjfvu4lrfvlvjc8.jpg
  • M&A
    CUNA chief and NCUA at odds on bank purchase guidance

    NCUA board member Mark McWatters defended the agency's position on credit union-bank purchases and called out the ongoing sniping on both sides of the argument.

    By Melissa Angell
    Reporter
    February 25
    NCUA board member Mark McWatters speaking during the Credit Union National Association's 2020 Governmental Affairs Conference in Washington
  • Failures
    CUNA set to challenge credit union regulator's taxi medallion loan sale

    The Credit Union National Association is submitting a FOIA request to get more information about the National Credit Union Administration's recent portfolio sale, but further action could be necessary if those answers aren't satisfactory.

    By Melissa Angell
    Reporter
    February 24
  • Consumer banking
    Defense CU Council book aims to boost industry’s standing with military

    The Armed Forces Financial Guide covers information such as special pay, service benefits and long-term financial planning.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    February 24
    p1ael0s3v682r1qo3l8u1uvcd6s8.jpg
  • NCUA
    NCUA 'abandoning' cabdrivers to debt collectors: N.Y. congressman

    Rep. Gregory Meeks is unhappy with the National Credit Union Administration's recent sale of more than 4,000 taxi medallion loans to a hedge fund.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    February 24
    New York City taxis
  • Stepping in where banks are pulling back

    When small banks leave the community, it makes sense for credit unions to fill the void.

    February 24
    Ryan Donovan
    Ryan Donovan
  • Finance, investment and tax-related legislation
    Credit unions' tilt toward the GOP could come at a cost

    The industry loves to tout its bipartisanship, but it has very publicly embraced the Trump administration at times.

    By Melissa Angell
    Reporter
    February 24
    CUJ-campaign-21820.jpeg
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