Fresh Today

YELLOW SPRINGS, Ohio–YS FCU here said it has selected the CU*BASE core system from CU*Answers. It plans to migrate its core in the Spring of 2018.

WASHINGTON—The Federal Reserve, FDIC, NCUA and Office of the Comptroller of the Currency updated their frequently asked questions document on the Financial Accounting Standards Board's (FASB) current-expected-credit-losses (CECL) standard, focusing on regulatory and supervisory expectations, among other things.

PLANO, Texas–Catalyst Corporate is marking its sixth anniversary.

WASHINGTON—NAFCU reiterated the association's five tenets for a healthy regulatory environment for credit unions in a letter ahead of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit hearing, "Legislative Proposals for a More Efficient Federal Financial Regulatory Regime."

ALEXANDRIA, Va.–Total assets in federally insured credit unions grew by more than 7% and more than 4.5 million members joined those same CUs in the year ending with the second quarter of this year, according to data released by NCUA.

WASHINGTON—While many credit unions and NAFCU oppose any move by NCUA to increase the NCUSIF’s normal operating level to 1.39%, one analyst is arguing that the level should be closer to 2%—similar to the FDIC’s target for its insurance fund.

ARLINGTON, Va.—Sales of new cars and trucks in the U.S. fell 3.7% in August, according to Autodata Corp., and depressed sales are likely to continue into September, said NAFCU Research Assistant Yun Cohen in a NAFCU Macro Data Flash report.

ARLINGTON, Va.—NAFCU, in a letter to NCUA, is reiterating its view that pairing closure of the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) with a sharp hike in the National Credit Union Share Insurance Fund's (NCUSIF) normal operating level (NOL) is not in credit unions' best interests.

WASHINGTON—NAFCU is advocating for more loan options, especially for low-income families, in its comment letter on the Federal Housing Finance Agency's (FHFA) 2018–2020 housing goals for government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

WASHINGTON—The National Credit Union Foundation’s CU Aid and the Cornerstone Credit Union Foundation are reporting they have collected more than $771,000 to support the needs of employees and volunteers of credit unions impacted by Hurricane/Tropical Storm Harvey.