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Credit Union National Association News Now Headlines
Updated: 22 min 18 sec ago

Improving economy will boost CU earnings: CUNA forecast

Wed, 04/01/2015 - 4:41am
Improved economic and credit conditions, leading to higher interest rates in 2015 and 2016, will bolster credit union earnings, asset quality and capital, according to CUNA's recently updated 2015-16 economic forecast.2015-04-01T00:00:00-05:002015-04-01T09:40:56Z
Categories: Credit Union News

US Supreme Court to decide on 2nd liens in bankruptcy

Wed, 04/01/2015 - 4:41am
The U.S. Supreme Court heard arguments last week in a case involving the stripping of a second lien when a borrower declares bankruptcy. CUNA has been monitoring this and other similar cases over the past few years because credit unions often make second mortgage loans.2015-04-01T00:00:00-05:002015-04-01T09:40:56Z
Categories: Credit Union News

MainStreet's 7 reasons millennials are choosing CUs

Wed, 04/01/2015 - 4:41am
Between 2013 and 2014, nearly 2 million millennials became credit union members, according to numbers from CUNA, further signaling that young people are ditching banks for their local, cooperatively owned financial institutions.2015-04-01T00:00:00-05:002015-04-01T09:40:56Z
Categories: Credit Union News

New CFPB toolkit helps consumers shop for mortgage, house

Wed, 04/01/2015 - 4:41am
A new mortgage-shopping toolkit--that includes disclosure forms that will be required starting Aug. 1--has been released by the Consumer Financial Protection Bureau. Creditors must provide the toolkit to mortgage applicants as a part of the application process.2015-04-01T00:00:00-05:002015-04-01T09:40:56Z
Categories: Credit Union News

CUs raise record $107M for CU4Kids, CMN Hospitals

Wed, 04/01/2015 - 4:41am
More than 3,000 credit unions raised a record $10.75 million for local Children's Miracle Network Hospitals in 2014.2015-04-01T00:00:00-05:002015-04-01T09:40:56Z
Categories: Credit Union News

Fla's North Dade CDFCU closed by NCUA

Wed, 04/01/2015 - 4:41am
The National Credit Union Administration Tuesday liquidated North Dade Community Development FCU, Miami Gardens, Fla., after determining the credit union had violated "various provisions of its charter, bylaws and federal regulations."2015-04-01T00:00:00-05:002015-04-01T09:40:56Z
Categories: Credit Union News

CFPB should increase relief in 'rural' definition rule: CUNA

Tue, 03/31/2015 - 4:39am
The Consumer Financial Protection Bureau's proposal regarding rural and underserved areas is a positive step, but CUNA urged the agency to take further regulatory relief steps in a comment letter filed Monday.2015-03-31T00:00:00-05:002015-03-31T09:39:40Z
Categories: Credit Union News

FFIEC: Ways to ID, mitigate cyberattacks that use malware

Tue, 03/31/2015 - 4:39am
Information on how financial institutions can identify and mitigate compromised user credentials and malware was released Monday by the U.S. Treasury's Federal Financial Institutions Examination Council.2015-03-31T00:00:00-05:002015-03-31T09:39:40Z
Categories: Credit Union News

Financial Fitness Day kicks off fin lit month

Tue, 03/31/2015 - 4:39am
Wednesday is Financial Fitness Day--and also the start of National Financial Literacy Month and National Credit Union Youth Month.2015-03-31T00:00:00-05:002015-03-31T09:39:40Z
Categories: Credit Union News

Albuquerque biz journal highlights NM's CU culture

Tue, 03/31/2015 - 4:39am
Readers of Albuquerque Business First may nearly be experts on all things credit union, as the business publication recently dedicated wide swaths of print space to illustrate the relative state of credit unions in New Mexico.2015-03-31T00:00:00-05:002015-03-31T09:39:40Z
Categories: Credit Union News

CUNA's Hampel reminds Operation Comment can help with RBC2 letters

Tue, 03/31/2015 - 4:39am
Bill Hampel, CUNA's chief policy officer, reminded credit unions on Monday that credit unions should let their thoughts and suggestions on the National Credit Union Administration's revised risk-based capital proposal be known.2015-03-31T00:00:00-05:002015-03-31T09:39:40Z
Categories: Credit Union News

Lawmakers question CFPB on Aug TILA-RESPA date

Tue, 03/31/2015 - 4:39am
Why have new mortgage disclosure forms go into effect during what is traditionally the busiest month for home mortgage closings? That's the question two key lawmakers asked the Consumer Financial Protection Bureau Monday regarding the bureau's Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosures rule, which is scheduled to be implemented Aug. 1.2015-03-31T00:00:00-05:002015-03-31T09:39:40Z
Categories: Credit Union News

Strongest savers in middle class: Bankrate

Tue, 03/31/2015 - 4:39am
The most ardent savers can be found in the U.S. middle class, according to a recent survey by the personal finance website Bankrate.com .2015-03-31T00:00:00-05:002015-03-31T09:39:40Z
Categories: Credit Union News

LCUL's Cochran: 'Old' CU benefits attract young, new members

Tue, 03/31/2015 - 4:39am
A new generation of Louisiana residents, inspired by "old school" services and pricing and the cooperative business model, are starting to discover the credit union difference, Louisiana Credit Union League President/CEO Anne Cochran wrote in a opinion editorial that appeared in the Lafourche Parish Daily Comet .2015-03-31T00:00:00-05:002015-03-31T09:39:40Z
Categories: Credit Union News

CFPB Student Scorecard should focus on consumer benefits, CUNA says

Tue, 03/31/2015 - 4:39am
CUNA supports the Consumer Financial Protection Bureau's plan to create a Safe Student Account Scorecard as a tool for colleges and universities to ensure that financial product offerings marketed to their students are "superior to those generally available," the trade association said in a March 30 comment letter to the bureau.2015-03-31T00:00:00-05:002015-03-31T09:39:40Z
Categories: Credit Union News

Senate budget amendment would establish reg relief fund

Mon, 03/30/2015 - 4:34am
An amendment to the U.S. Senate budget resolution passed last week would establish a deficit-neutral reserve fund to address disproportionate regulatory burdens on credit unions and community banks.2015-03-30T00:00:00-05:002015-03-30T09:34:22Z
Categories: Credit Union News

Data breach expenses barely negligible in retailers' financials

Mon, 03/30/2015 - 4:34am
A review of top merchants' financial statements found that the cost of data security breaches--while devastating to credit unions and consumers--barely makes a dent in their annual revenues.2015-03-30T00:00:00-05:002015-03-30T09:34:22Z
Categories: Credit Union News

Cyber info-sharing bill passes committee

Mon, 03/30/2015 - 4:34am
A bill intended to increase the sharing of information on cyberthreats was passed by the U.S. House Permanent Select Committee on Intelligence last week.2015-03-30T00:00:00-05:002015-03-30T09:34:22Z
Categories: Credit Union News

Ga CU parity bill awaits signature from governor

Mon, 03/30/2015 - 4:34am
The Georgia Senate passed a bill supported by the Georgia Credit Union Affiliates earlier this month that would introduce parity between state-chartered and federally chartered credit unions. The bill now only awaits the signature of Gov. Nathan Deal.2015-03-30T00:00:00-05:002015-03-30T09:34:22Z
Categories: Credit Union News

Nussle visits America's CU Museum

Mon, 03/30/2015 - 4:34am
CUNA President/CEO Nussle returned to the roots of the credit union movement recently, visiting America's Credit Union Museum in Manchester, N.H., where the first credit union in the United States was housed.2015-03-30T00:00:00-05:002015-03-30T09:34:22Z
Categories: Credit Union News

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