WASHINGTON—With the credit union trade groups aggressively opposing an interchange bill now before Congress, the Defense Credit Union Council (DCUC) said it is especially concerned the proposed changes could hurt the financial and physical lives of military members.
THE feature
MADISON, Wis.—While many small CUs understand why there can be a need to merge, such as gaining greater scale and adding more products for members, it’s also just as important for a small shop to know when not to combine, according to one CEO.
ARLINGTON, Va.—Credit unions that have instituted “convenience fees” as a means of generating additional revenues could find themselves on the receiving end of a lawsuit or in the crosshairs of the CFPB, one legal and compliance expert is warning.
LAS VEGAS—Credit unions may see even stronger mortgage lending in the years ahead, but for that to happen that must first “get out of their own way,” according to the president of the American Credit Union Mortgage Association.
ST. PETERSBURG, Fla.—A handful of credit unions offering cryptocurrency services have said their next step will likely be finding ways to leverage members’ digital assets to drive lending.
MADISON, Wis.—Credit unions have a growing role to play in what feels like a growing number of natural disasters, according to Juan Fernandez Ceballos, and not just for their affected members but for their own operations as the nature of risk is changing.
CHUBBUCK, Idaho–One credit union that has been rapidly growing its branch network says it has no plans to slow down, but adds if a CU is going to pursue such a strategy it must first be seen as relevant by the communities it serves.
WASHINGTON—Credit unions with “rickety” mainframe computers and those unable to answer some pointed questions from their regulators when it comes to fintech partnerships might find themselves in the crosshairs of not just the NCUA but now also the CFPB, says one legal expert.
PALM COAST, Fla.—Strong succession planning, finding a niche and simply having the fortitude to not raise the white flag are just some of the strategies that will help small credit unions in their fight to remain in business, experts have been telling CUToday.info.
MADISON, Wis.–Three college students who were part of an initial cohort of interns in a nationwide program to bring greater diversity to financial advising inside credit unions say they would definitely now consider a career in the field and, specifically, within credit unions.