What Do This Weekend’s Bank Failures Mean for Credit Unions?
Chip Filson recaps the recent failures of two mid-sized banks, the threat to the financial system, and what it means for credit unions in the near future.
In the Wake of Silicon Valley Bank Collapse, NCUA Chairman Harper Issues Statement
Following the events of the weekend, during which two mid-sized banks collapsed, NCUA Chairman Todd Harper issued a statement on the safety and soundness of the credit union system, reports CUSO Magazine’s Esteban Camargo.
Democrats Call on NCUA, Financial Regulators to Focus on Zelle
Financial regulators, including the NCUA, must do more to protect members and customers who fall victim to scams and fraud when using the Zelle payment network, five Democratic senators told the regulators last week, reports David Baumann of CUCollaborate.
Who is NCUA’s Customer?
Chip Filson ponders who the NCUA serves: members, credit unions, the Treasury, or maybe something else.
Four Industry Leaders Awarded the Herb Wegner Memorial Award
On February 23rd, the NCUF will award four industry champions with the Herb Wegner Memorial Award. Alycia Meyers reports on this year’s winners and the long list of achievements that earned them this lifetime award.
NCUA Board Approves Proposal to Streamline FOM Applications
David Baumann of CUCollaborate shares the NCUA’s new ruling on field of membership applications as well as the organization’s calls for third-party vendor authority—a move the NCUA has been repeatedly campaigning for.
Senators Concerned CDFI Fund May Be Circumventing Regulatory Process
The leaders of the Senate Community Development Finance Caucus are questioning whether CDFI Fund officials are short-circuiting the regulatory process as they consider major changes to the program, reports David Baumann of CUCollaborate.
New Chairman of Subcommittee on Financial Institutions Supports Cannabis Banking
Representative Andy Barr, a Republican from Kentucky’s 6th district, was chosen to lead the Subcommittee on Financial Institutions and Monetary Policy, which was previously known as the Subcommittee on Consumer Protection and Financial Institutions, reports Esteban Camargo.
Rating Examiners for a Stronger Cooperative System
While private businesses have incorporated user reviews to improve satisfaction, but few such examples exist between governor and governed. Chip Filson argues why credit unions needs a way to review examiners to improve the system.
NCUA: Deposit, Assets, and Loans Grew in Year Ending Q3
David Baumann of CUCollaborate examines the various areas of growth credit unions experienced in the third quarter of 2022, per the NCUA’s report.
