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.
America’s Credit Unions Calls On NCUA to Make Significant Changes During EGRPRA Review
In response to the NCUA’s call for comments regarding its voluntary regulatory review, America’s Credit Unions has submitted a letter calling for large changes including expanding field of membership and raising interest rate caps.
Are Credit Union Members “American Idiots”?
Chip Filson ponders if credit unions have a low opinion of their members, as he reviews a recent case of a non-essential merger (in which executives were bonused hundreds of thousands of dollars) and the members who tried to stop it.
Threats to Coop Democracy
Chip Filson contemplates threats to cooperative democracy that start internally, namely, with the NCUA.
NCUA Board Approves Proposed Rules and FCU Loan Interest Rate Ceiling
Last week at a meeting of the NCUA Board of Directors, the members voted 2-1 in favor of two proposed rules: one on incentive-based compensation and another a revised proposal on succession planning. The incentive-based compensation rule addresses requirements laid out in the Dodd-Frank Wall Street Reform and Consumer Protection...
All NCUA Board Members Give Remarks at Annual DEI Summit
NCUA Chairman Todd M. Harper, Vice Chairman Kyle Hauptman, and Board Member Tanya Otsuka all provided remarks on Diversity, Equity, and Inclusion at the NCUA’s recent DEI Summit, Emily Claus reports.
