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.
Credit Union Agencies Concerned Credit Card Competition Act Will Be Included In Disaster Relief Bill
When Congress reconvenes in November, it will rush to pass disaster relief for those affected by recent hurricanes. However, rumor has it that the proposed Credit Card Competition Act would be tacked on to the must-pass legislation, prompting concern from credit union groups, Emily Claus reports.
Bringing Communities Together On International Credit Union Day 2024
As credit unions worldwide celebrate the 76th annual International Credit Union Day, Emily Claus shares the history of the event, the year’s theme, and how credit unions are commemorating the occasion.
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.
America’s Credit Unions Submits Letter on Potential Amendments to National Defense Authorization Act
Last week, America’s Credit Unions submitted a letter regarding the National Defense Authorization Act, asking committee members to oppose amendments to key credit union issues, Emily Claus reports.
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.
America’s Credit Unions Pushes Back Against NCUA’s Proposed Succession Planning Rule
In response to the NCUA’s proposed rule on succession planning, America’s Credit Unions has spoken out against the organization’s plans and asking them to reconsidering, calling the rule redundant and harmful, reports Emily Claus.
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 Releases Second Quarter Credit Union Performance Data
As the National Credit Union Administration releases the second quarter 2024 credit union performance data report, Emily Claus reports on some of the notable findings and changes from the previous quarter.
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.
