NCUA economic update video released with view of Brexit impact

The new economic update video released by the National Credit Union Administration reveals firm labor markets and increasing consumer spending means credit risk is likely to remain low in most areas. Watch the full report here. In the opening segment, NCUA Chief Economist Ralph Monaco reviews current economic trends and how they could affect credit union […]

Herrera selected for seat on NCUA Board

Yesterday, President Barak Obama announced the nomination of John A. Herrera to the open seat on the National Credit Union Administration Board. Herrera is the senior vice president for Latino and Hispanic Affairs at Self-Help, a nonprofit community development financial institution, a position he has held since 1999. From 2003 to 2010, Herrera served as […]

Consolidation is a growing trend, especially for smaller credit unions

Consolidation has been a growing trend in the credit union community for many years due to a variety of factors. Indeed, numerous CUs have “disappeared” from the landscape — either through mergers (forced and otherwise) or liquidation — every year for at least the past 15 years. It usually is the smaller institutions, that is those with […]

Bill to restructure CFPB moving forward

Recent news reports indicate the CFPB may be in store for change via the Financial Services and General Government Appropriations Act . The U.S. House of Representatives passed the $21.7 billion bill by a 239-185 party line vote. Changes include bringing funding for the bureau under the Congressional appropriations process and replacing the single director leadership structure […]

Seven credit union professionals, volunteers, and credit unions honored with 2016 LSCU Awards

The League of Southeastern Credit Unions & Affiliates (LSCU) announced the recipients of the LSCU Awards during the opening general session, annual business meeting, and closing general session at the 2016 Southeast Credit Union Conference & Expo (SCUCE), June 15-17. Three credit unions and four executives were recognized for their work and dedication with these […]