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NCUA Board meeting

NCUA Board Meeting

ALEXANDRIA, Va.—At its open board meeting Thursday, NCUA announced it will not be assessing credit unions an NCUSIF premium in 2014.

ALEXANDRIA, Va.—In addition to announcing no NCUSIF premium will be assessed, the NCUA board this morning approved an interagency proposed rule that covers part 760 of the NCUA's rules and regulations.

For most credit unions, the added expense was justified by the risk of losing their most prized members, the transaction-rich and less-loyal millennials.  Committing to Apple Pay was more of a defensive move, because numerous studies indicate more than half of the millennials are likely to switch their primary financial institution relationship for a mobile wallet.

ALEXANDRIA, Va.--The growing cases of small CU fraud were on the mind of Board Member Mark McWatters at Thursday’s open board meeting. McWatters suggested that the agency step up its focus in investigating such fraud.

PASADENA, Calif.— Remarketing of America (ROA), a premier risk management and loss mitigation provider of recovery and remarketing services for the financial services community, said it has solidified an alliance with WALZ to provide compliant, critical default notices to its clients.

BROOKFIELD, Wis.—Fiserv is reporting that its Comparalytics module within the LoanComplete suite of product solutions, which already completes the standard document-to-system data comparison, now “compares documents to any and all other documents associated with the loan file, regardless of the type of document.”

GRAND RAPIDS, Mich.—The CUSO Xtend is reporting significant growth in its Member Reach e-communication business unit as it wraps up the final quarter of its fiscal year.