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Top Stories

Economy continues expansion, says Fed Beige Book

The nation's economy continued to expand, growing at a "modest to moderate pace" from mid-February through late March, the Federal Reserve said in its monthly "Beige Book," for the third month in a row.... More

S.D. CUs discuss reg burden with CFPB's Cordray, Sen. Banking chair

South Dakota credit unions emphasized the importance of helping consumers without adding unnecessarily to their regulatory burden during a meeting in Sioux Falls yesterday with Consumer Financial Protection Bureau Director Richard Cordray and U.S. Sen. Tim Johnson (D-S.D.), the chairman of the Senate Banking Committee.... More

NCUA suggests CU, agency steps to improve exams

In this month's National Credit Union Administration Report, Director of Examinations and Insurance Larry Fazio said NCUA examiners and credit union management "can both take a lot of specific steps to contribute to a conducive exam environment."... More

CUs' auto lending market share at 17.4%

After hitting a monthly low of 15.2% in March 2011, credit union auto lending market share has climbed, maintaining above 17% each month since May 2011, according to CUDL's quarterly Auto Lending Trends & Credit Union Analysis.... More

Two conferred with Annie Vamper awards

The National Federation of Community Development Credit Unions announced the 2012 recipients of the Annie Vamper "Helping Hands" Award, the highest honor given by the federation to community development credit union staff and volunteers.... More

ACUA removed from Agency Funds Transfer Bill

The League announced on April 11 that a portion of legislation seeking to allow for the transfer of funds from multiple off-budget agencies including the Alabama Credit Union Administration (ACUA) into the General Fund was removed during the committee process. ... More

CMG risk manager: CUs among targets from breach

The number of credit unions affected by the Global Payments data breaches could number into the hundreds, although the exact number or amount of fraudulent transactions is not yet known, said a CUNA Mutual Group security expert.... More

WOCCU welcomes new members from Colombia, Moldova

World Council of Credit Unions last week welcomed Colombia and Moldova as new members.... More

Diversification aids CUNA Mutual's bottom line

CUNA Mutual Group posted stronger-than-expected results in 2011, positioning itself to withstand continuing economic pressures in 2012. The company said its bottom line was bolstered by the performance of its credit union businesses and diversification.... More

CUNA Mutual: Data breach ups exposure to phishing

CUNA Mutual Group is advising credit unions to warn their members about the potential for increased phishing attacks on the heels of a recent data breach at Atlanta-based Global Payments Inc.... More

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