INDUSTRY NEWS Could the banking trades be hurting their own cause by railing so vehemently against the credit union industry? It was American showman P.T. Barnum who was famously quoted as once quipping [...]
INDUSTRY NEWS The NCUA’s proposed rule on succession planning could have a two-pronged effect – putting a chill on mergers and forcing older credit union directors to consider stepping down. A lack of [...]
INDUSTRY NEWS The regulator this week unveiled its 2025 budget, slammed Vystar Credit Union and banned four credit union workers for life. It’s been a busy week for the National Credit Union Administration. [...]
INDUSTRY NEWS SouthCoast FCU says a passport and a proof of address is enough to get a banking relationship started. SouthCoast Federal Credit Union in New Bedford, Massachusetts, will now open accounts for [...]
INDUSTRY NEWS The largest credit union in the world adds more new members each year than the total membership of most credit unions, and there’s no end in sight. So just how much [...]
INDUSTRY NEWS Few community financial institutions were impacted by the CrowdStrike-induced IT outage earlier this month, but it served as a good reminder to double check licensing agreements and vendors. Many credit unions [...]
INDUSTRY NEWS While some credit unions are doubling down on branches, they still recognize the need to keep up with the Joneses in the digital space. Most bank and credit union CEOs agree [...]
INDUSTRY NEWS The regulator has approved only three new federal charters this year and just 29 in the past ten years. The number of credit unions in the U.S. continues to shrink, and [...]
INDUSTRY NEWS With 12 new deals pending, 2024 has already exceeded the 11 transactions announced last year. Few issues raise the ire of community bankers as much as credit unions buying banks. And [...]
