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With multiple points of contact and a boatload of documentation requirements for every loan application, anything credit unions can do to make this process for seamless and less painful for members is vital.
October 23
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Though the financial crisis forced consumers to focus on socking money away for a rainy day, a recent study suggests that thrift effect is already fading, but credit unions are in a position to help turn that around and build member relationships in the process.
October 23 -
A major cybersecurity bill passed a key Senate test on Thursday after a series of setbacks earlier this year.
October 22 -
CU Direct announced that eight new credit unions have joined the companys Lending Insights platform, a system that provides credit unions with analytic tools to manage risk, meet regulatory requirements, increase profitability, and optimize loan portfolio performance.
October 22 -
In the wake of regulators conserving a credit union that allegedly was involved in a bitcoin money laundering operation, cryptocurrency companies are trying to demonstrate a commitment to cleaning house.
October 22 -
WASHINGTON After several false starts this year, the Senate is gearing up for a vote on a major cybersecurity bill backed by the banking industry.
October 21 -
CUNA Mutual Group reports economic outlook is good news for credit unions.
October 21 -
Fourteen federally insured credit unions subject to civil monetary penalties for filing late Call Reports have consented to penalties, NCUA said Wednesday.
October 21 -
America First exec recognized by the Air Force and more honors and appointments.
October 21 -
Democratic presidential candidate Sen. Bernie Sanders is backing a plan to allow the U.S. Postal Service to provide banking services.
October 21 -
Members of W-G FCU in Worcester, Mass., have voted to approve a merger with RTN Federal Credit Union in Waltham, Mass.
October 20 -
The League of Southeastern Credit Unions & Affiliates (LSCU) and the New York Credit Union Association (NYCUA) on Tuesday said they have signed a letter of intent to combine many of their operations into a jointly owned subsidiary that will house all of their back office functions.
October 20 -
A federal appeals court has dealt the retail sector a setback in the ongoing fight over surcharges on credit card purchases.
October 20 -
There was a time when IT was seen strictly as a support function. Today, it is so interwoven into nearly every aspect of running a credit union, that its increasingly common to see a stint in the server room on the resume of the person who is now running the whole operation from the corner office.
October 20 -
The government's spotlight on servicing problems means companies should be taking steps now in the face of regulators' current enforcement authority and the potential of coming rules.
October 20 -
Mortgage servicers have gotten a rare reprieve from the Federal Housing Administration.
October 20 -
Next year Fannie will require that mortgage lenders use so-called trended credit data for all mortgage borrowers, a move it says could broaden access to credit.
October 19 -
Comptroller of the Currency Thomas Curry praised the House for passing a bill to raise the asset threshold to qualify for an 18-month exam cycle to institutions with less than $1 billion of assets, and urged the Senate to follow suit. Meanwhile NCUA, which already has the authority to extend its exam cycle has steadfastly refused to do so.
October 19 -
The National Credit Union Administration struck a cautiously optimistic tone in its latest "economic update" video, posted on YouTube Monday.
October 19 -
ALEXANDRIA, Va. NCUA announced it has entered into an agreement under which investment bank Barclay's Capital will pay $325 million to resolve claims arising from losses related to the purchase of faulty residential mortgage-backed securities by corporate credit unions.
October 19







