Diversity in Credit Union Charter Options Matters
Credit unions have a number of different designations available to them that can help them better align with their members. Chip Filson details some of the designations and why they are a boon to credit unions as they seek to differentiate themselves.
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.
This Week In DC: NCUA Board Meetings, Congressional Hearings, and Interchange
As Congress resumes post-election, DC is going to be packed with end-of-year hearings and decisions. Emily Claus covers this week’s schedule and what big events credit unions should be tuning in to.
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.
What to Do When Credit Unions Go Rogue: Part One
Chip Filson analyzes the merging habits of Credit Union 1 in Illinois, the businesses decisions and bonuses the follow these mergers, and the outcome for members and employees involved in part one of two.
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.
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.
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.
