Mortgage delinquencies low but possibly increasing

CoreLogic released its monthly Loan Performance Insights Report, revealing that as of October 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.6 percent, down 0.2 percentage points from 0.8 percent in October 2016. The foreclosure inventory rate has held steady at 0.6 percent since […]

SECUF encourages future leaders to get involved

Get our credit union future leaders involved in the credit union movement. If you are age 40 and under or have employees age 40 and under, we would love to invite them to get involved in our Young Professional Groups. Goals of these groups include leadership development, networking, and spreading credit union awareness through community […]

New legislation to impose data breach penalties

Sources close to the LSCU report that Sens. Elizabeth Warren (D-MA) and Mark Warner (D-VA) will introduce legislation later today that creates significant new penalties for data breaches that occur at credit reporting agencies. The Data Breach Prevention and Compensation Act would impose $100 fines for each consumer who has personal information breached at a […]

Foundation announces 2018 DE leadership transition

The National Credit Union Foundation has announced the addition of Chad Helminak as the new Director of Credit Union Development and Cooperative Values Engagement, effective Jan. 29. Helminak will lead the Foundation’s popular Credit Union Development Education (DE) Training and engage the growing corps of Credit Union Development Educators (CUDEs). The role is currently held […]

Alabama’s Jones joins Senate Banking Committee

Alabama’s newly elected Sen. Doug Jones (D), joins the Senate Banking Committee after an official Senate action on Tuesday. Alabama Sen. Richard Shelby (R) serves on the committee. Sen. Jerry Moran (D-KS) also joins the panel, increasing the number of members to 25. Republicans secured 13 seats, and Democrats have 12. According to CU Journal, […]

SAS CU Conference gives insight on key topics

The LSCU’s Small Asset Size (SAS) Credit Union Conference, planned for Feb. 15, is designed for credit unions under $50 million in assets but may also be appropriate for credit unions under $100 million in assets. SAS Conferences provide insightful information on topics most important to smaller credit unions right now as well as opportunities […]