NCUA Issues Interagency Warning on Elder Financial Exploitation
The NCUA and other agencies recently issued a statement on elder financial exploitation; its prevalence and what financial institutions can do to mitigate the risk and educate members, reports CUSO Magazine’s Esteban Camargo.
NCUA Approves Central Liquidity Facility Budget for 2025-2026
Last week, the NCUA Board approved the 2025-2026 budget for the Central Liquidity Facility. CUSO Magazine’s Esteban Camargo provides details on the budget increases and how they compare historically.
CFPB Slaps Navy Federal Credit Union with $95 Million “Junk Fees” Penalty
The Consumer Protection Financial Bureau announced it had agreed with Navy Federal Credit Union on a penalty totaling $95 million for authorize positive, settle negative overdraft protection practices spanning years; CUSO Magazine’s Esteban Camargo reports.
Malvertising is the Spooky Threat NCUA Wants You to Know About
NCUA’s recently published letter to credit union boards highlighted “malvertising”, a cyber security threat that credit unions should be aware of. CUSO Magazine’s Esteban Camargo explains what it is and what you can do to mitigate the risk.
NCUA Board Holds Open Meeting, Receives Briefings on Cybersecurity and New Charters
The National Credit Union Administration held its seventh open meeting of 2024 on October 24, during which they received briefs on cybersecurity and new federal charters established. CUSO Magazine’s Esteban Camargo reports on the meeting and what the board learned from the briefings.
What I Learned After My First Credit Union Board Meeting
CUSO Magazine’s Esteban Camargo shares his experience on becoming a credit union board member, what he’s learned so far, and what advice he has for fellow newcomers to the world of credit union board governance.
Justice Department Takes Action for the First Time Against a Credit Union Following Redlining Allegations
In its first ever action against a federal credit union, the Department of Justice agreed to a landmark $6.5M settlement with Citadel Federal Credit Union, putting pressure on credit unions with expanded fields of membership.
Double-digit Billion Dollar Credit Unions Announce Intentions to Merge
CUSO Magazine’s Esteban Camargo reports on the announcements of $11.9B Digital Federal Credit Union and $16.7B First Tech Federal Credit Union and their intentions to merge in 2025.
NCUA’s Quarterly U.S. Map Review Reveals Credit Unions Weathering the Economy
CUSO Magazine’s Esteban Camargo reports on the latest NCUA quarterly U.S. map review, which shows that the median credit union may be struggling in key metrics when compared with the year prior.
NCUA Extends Temporary Interest Rate Ceiling for Federal Credit Unions
The NCUA board voted in July to extend the 18 percent interest rate ceiling through May 2026. CUSO Magazine’s Esteban Camargo reports.
