WASHINGTON—The National Association of Credit Union Service Organizations (NACUSO) has launched what could become one of the credit union industry’s most significant long-term legislative fights in decades: an effort to convince Congress to dramatically raise—or potentially eliminate—the statutory cap limiting how much credit unions can invest in CUSOs, arguing the decades-old restriction is increasingly preventing cooperatives from keeping pace with rapid advances in artificial intelligence, fintech and digital banking.
THE feature
ALEXANDRIA, Va.—While the NCUA’s sweeping new stablecoin proposal may clear a long-awaited regulatory hurdle for credit unions, one fintech executive said the bigger strategic question now facing the industry is whether credit unions should actually issue their own stablecoins at all—or instead focus on becoming the trusted bridge between digital dollars and traditional insured deposits.
NEW YORK—By any measure, fraud is no longer just a back-office problem for credit unions. It has become a front-line member experience issue—one unfolding in real time across digital channels, payments, account opening, mobile banking and even member communications.
DALLAS—Credit unions have spent years hearing warnings about accelerating disruption, artificial intelligence, digital transformation and rapidly changing member expectations. But according to Tom Davis, the movement’s real story is not that change is coming—it’s that credit unions have already proven they can adapt to it.
WASHINGTON—After nearly two decades focused on student lending, the CUSO CU Student Choice is making a major strategic expansion into workplace financial wellness, launching a new payroll-integrated platform it believes could reconnect credit unions with their historical roots serving working Americans through employers.
WASHINGTON — John Crews has been nominated by the Trump Administration to serve as chairman of the NCUA, marking a major leadership transition as the agency continues to operate with only one sitting board member amid ongoing vacancies.
DOVER, Del.—By any measure, stablecoins have quickly become one of the most talked-about—and least understood—topics in credit union boardrooms. The pressure to “do something” is building, fueled by headlines, fintech momentum and a growing fear of being left behind.
DALLAS—As healthcare and other employee benefit costs continue to rise faster than inflation, more credit unions are taking a closer look at a little-discussed tool tucked into federal rules: employee benefit pre-funding accounts that can be invested more broadly than a traditional credit union bond portfolio.
AUSTIN, Texas— For many credit unions, the question isn’t whether branches still matter. It’s whether they can still afford to build them.
TOPEKA, Kan.—A plea agreement involving former Envista Credit Union board chairman Daniel Ramsey is drawing renewed scrutiny after court records confirmed the sentence tied to his case will not include any actual jail time, despite language suggesting otherwise.