NCUA Doubles Down on Budget Needs Citing Fraud

NCUA Doubles Down on Budget Needs Citing Fraud

Citing an increase of fraud found during onsite examinations, NCUA Chair Todd Harper continues to argue for the need of in person audits and the budget to go with them.

Read more
NetGiver welcomes Glynn Frechette as new CRO

NetGiver welcomes Glynn Frechette as new CRO

NetGiver announces Glynn Frechette as the new Chief Revenue Officer for the Minnesota based CUSO. With an extensive history serving both the financial and philanthropic spaces, Glynn’s experience with top-line revenue growth, leadership, and internal innovation joins NetGiver at a pivotal point of scale.

Read more
NCUA’s Spooky Budget Increase Could Be Curbed By Expanding, Not Reducing, Remote Examinations

NCUA’s Spooky Budget Increase Could Be Curbed By Expanding, Not Reducing, Remote Examinations

NCUA proposed a big increase to its operating budget in 2023, and many have come out in opposition. Esteban Camargo provides a little detail on the budget proposal, responses to it, and why the NCUA should reconsider its plans.

Read more
An Engineer, a Designer, and a Business Manager Walk into a Bar…

An Engineer, a Designer, and a Business Manager Walk into a Bar…

When it comes to balancing engineering with design and business management, the best approach may be the most challenging: cooperation. Esteban Camargo describes the varying perspectives of the development process and why no one viewpoint should stand above the rest.

Read more
WestStar Credit Union to Acquire Las Vegas UP Employees Federal Credit Union in Merger

WestStar Credit Union to Acquire Las Vegas UP Employees Federal Credit Union in Merger

On Tuesday, August 30th the members of Las Vegas UP Employees Federal Credit Union of Las Vegas, Nevada voted to merge with WestStar Credit Union also of Las Vegas, Nevada.

Read more
Coming to a Credit Union Near You: NCUA Examiners

Coming to a Credit Union Near You: NCUA Examiners

Tuesday, September 20, Chairman Todd Harper published a letter to federally insured credit unions announcing that the organization would be entering Phase 3 of its onsite operations plan, originally announced back in June 2020 in the midst of the global pandemic, reports Esteban Camargo.

Read more
The Credit Card Competition Act is Drawing Criticism from Credit Union Trade Groups

The Credit Card Competition Act is Drawing Criticism from Credit Union Trade Groups

A new bill from Senator Richard Durbin (D-IL) introduced in late July, the Credit Card Competition Act, is drawing the attention of the credit union industry, and not in a good way reports Esteban Camargo.

Read more
NCUA to Receive Third-Party Oversight with New Bill Introduced

NCUA to Receive Third-Party Oversight with New Bill Introduced

In a move opposed by credit union trade groups, Senators Jon Ossoff, D-GA, Cynthia Lummis, R-WY, and Mark Warner, D-VA, introduced a new bill that would provide NCUA with oversight powers over credit union organizations and service providers, reports CUSO Magazine’s Esteban Camargo.

Read more
Applications for CDFI Fund Suspended Between Oct. 1 and April 3

Applications for CDFI Fund Suspended Between Oct. 1 and April 3

The Community Development Financial Institutions (CDFI) Fund recently announced that as it prepares for upcoming changes to its application process it will be suspending new applications and Target Market Modifications between October 1, 2022 and April 3, 2023, reports Esteban Camargo.

Read more
Prize-Linked Savings Allowed in Bill Passed by Pennsylvania House of Representatives

Prize-Linked Savings Allowed in Bill Passed by Pennsylvania House of Representatives

The Pennsylvania House of Representatives passed House Bill 331 sponsored by Representative Rosemary Brown (R-Monroe/Pike) allowing incentive-based savings programs and protecting financial institutions from offering cannabis-related business services, reports Esteban Camargo.

Read more