What if All New Credit Union Charters Were Stopped Today?
What if tomorrow, there were no new credit union charters ever again, asks Chip Filson. While the idea may seem crazy, Filson wonders if that isn’t the exact path our industry has been headed down for some time, and ponders how we might get on a new trail.
NCUA Reveals Updated Charter System
Following years of complaints that the current chartering system is too unreasonable, the NCUA has announced a new, streamlined version of Phase 1 of the chartering process, as well as future improvements and automation, Emily Claus reports.
Newly Chartered and Urgent Needs CDRLF Grants Increased to Fifteen Thousand Dollars
The National Credit Union Administration has announced that it has extended benefits of the Community Development Revolving Loan Fund (CDRLF) for low-income-designated credit unions, including for those recovering from natural disasters and for newly chartered credit unions. CUSO Magazine’s Esteban Camargo reports.
Will Merger Be Our Credit Union Story?
As the number of credit unions continues to dwindle, Denise Wymore examines shifting motives behind these mergers and asks if they will become the dominating aspect of our credit union story.
Establishing a Small Credit Union Resource Center
In a world where the industry is losing small credit unions to mergers and failing to keep up the creation of new credit unions, Walter Merkle proposes the creation of a small credit union resource center to support credit unions in helping one another.
House Financial Services Committee Introduces Bill to Create More Credit Unions
Emily Claus reports on the House Financial Services Committee’s introduction of the American Access to Banking Act, which aims to support the creation of de novo credit unions and community banks.
Do Americans Want or Need More Credit Union Charters?
Chip Filson shares stories of the keh and the tanda, two kinds of financial institutions benefiting small communities in America, what credit unions can learn from them, and the opportunities these cooperatives signal.
Kyle Hauptman Becomes Newest NCUA Board Chairman
President Trump designated Kyle Hauptman to serve as the National Credit Union Administration’s thirteenth Chairman of its board of directors. CUSO Magazine’s Esteban Camargo reports on Hauptman’s priorities and track record on the board.
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.
