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.
Important Vendor Relationships When Beginning A De Novo Credit Union
There are a number of vendors to line up before a credit union can open its doors, but figuring out where to start can be overwhelming and difficult. Doug Collins covers all the key relationships De Novo credit unions should look to build in the months before opening.
How a Black Barber in Little Rock, Arkansas Started a Credit Union
Chip Filson shares the story of Arlo Washington, an Arkansas barber who undertook the task of forming a credit union to support his local community.
What Can Be Done About the Drought of New Credit Union Charters?
The credit union industry was founded based on need; those unable to secure financial services turning to their communities for help. Chip Filson argues that this founding nature is slipping away but can still return to its roots.
NCUA to Test Provisional Charter to Solve ‘Chicken-or-Egg’ Dilemma
David Baumann of CUCollaborate reports that the NCUA will be able to start a pilot program by September designed to make it easier for organizers to start a credit union, officials from the agency’s Office of Credit Union Resources and Expansion told the agency board Thursday.
Credit Union Organizers Want North Minneapolitans to ‘Feel at Home’
George Floyd murder was galvanizing moment in effort to establish Black-led state-chartered, federally insured credit union reports David Baumann of CUCollaborate.
Presidents and Credit Unions
Chip Filson shares when the credit union industry captured the attention of two very different U.S. Presidents.
Is a New Era of Credit Union Chartering on the Horizon?
In 2021, the NCUA chartered four new credit unions, more than the previous three years combined. Emily Claus ponders if this is simply a one-off or a signal of changing times for de novo credit unions and the credit union chartering process.
Has the Credit Union System Lost its Entrepreneurial Edge?
Chip Filson discusses the student-run credit union boom of the 1980s and the excitement, inspiration, and drive that went along with it, begging the question: where did that entrepreneurial spirit go?
NCUA Charters Fourth New Credit Union This Year
The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Unity of Eatonville Federal Credit Union in Eatonville, Florida, reports David Baumann of the Washington Credit Union Daily .
