Member News

Weekly Relative Value - QE to Infinity

October 26, 2020

Last week, Federal Reserve Vice Chair for Supervision Randal Quarles, made surprisingly candid comments when discussing the ballooning size of the U.S. Treasury market and the central bank’s role in it. In essence, he alluded to the fact that the Fed will likely be in the quantitative easing (QE) game forever.


IC Donates to Our Father’s House Food Pantry

October 26, 2020

IC Credit Union recently donated $4,000 through their “Empower – A Community Connection” program to Our Father’s House Food Pantry of Fitchburg.


How the Election Outcomes Affect CU Advocacy

October 26, 2020

The votes are rolling in and it is time to plan for what the 2020 election could mean for credit unions and their members.


NCUA Board to Meet Oct. 28; Reschedules December Meetings

October 26, 2020

The National Credit Union Administration Board will hold an open and closed meeting on October 28, 2020.


Agencies Invite Comment on Proposed Rule Under Bank Secrecy Act

October 25, 2020

The Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board today invited comment on a proposed rule that would amend the recordkeeping and travel rule regulations under the Bank Secrecy Act.


Judge Signs Off on Equifax’s $7.75M Settlement with FIs In 2017 Data Breach

October 25, 2020

A federal judge in Atlanta gave final approval Thursday to a $7.75 million settlement—including $2 million in legal fees—to resolve claims against Equifax by hundreds of financial institutions. 


NEACH Center for Payments Survey

October 25, 2020

NEACH helped form the Center for Payments, a joint program sponsored by ten payments associations for the purpose of helping members better prepare for the continued evolution in U.S. payment systems.


Partner Updates from Love My Credit Union® Rewards

October 25, 2020

TracFone is the largest US provider of contract-free wireless service. Thanks to our new wireless program, members can save 33%-66% on any of the multiple wireless brands that run on the AT&T, Verizon and T-Mobile networks.


EANE Presents - Belonging- the Foundation of a Healthy Culture

October 25, 2020

Last quarter EANE invited member organizations to weigh in on the role of DEI in their organizations.


Critical Discussions in Credit Union Information Security

October 25, 2020

The COVID-19 pandemic has continually introduced new operational practices and security risks. Many long-time credit union professionals are still scrambling to update their audit and security needs to suit.


Richard Wright Honored as CEO of the Year at CCUA Awards of Excellence

October 25, 2020

Richard Wright, CEO/Treasurer of RTN Federal Credit Union, has been selected as CEO of the Year at the Cooperative Credit Union Association (CCUA) 2020 Awards of Excellence.


Westerly Community Credit Union Collecting New, Unwrapped Toys to Benefit Minis Making A Difference

October 25, 2020

The Westerly Community Credit Union will be collecting donations of new, unwrapped toys and selling $1 paper medallions November 1st through November 30th to benefit the Minis Making A Difference charity.


Eileen Danahey Joins CUNA Board Nominees

October 23, 2020

CUNA has confirmed receipt of four new nominations for the Board elections. Among them is Eileen Danahey, CEO, St. Anne's Credit Union of Fall River, Mass. 


Fed Creates Pilot Program for FedNow Instant Payments

October 22, 2020

The Federal Reserve announced the creation of the FedNow Pilot Program to support development, testing and adoption of the FedNow Service.


Automated Underwriting System for Mortgages Launched

October 22, 2020

The Federal Housing Administration has announced the launch of its new automated underwriting system (AUS) for use by lenders originating mortgages for FHA insurance.


CFPB Releases ANPR on Consumer Access to Financial Records

October 22, 2020

The Consumer Financial Protection Bureau (Bureau) has issued an advance notice of proposed rulemaking (ANPR) requesting information related to consumer access to financial records.


FTC Announces New Fraud Reporting Platform for Consumers: ReportFraud.ftc.gov

October 22, 2020

The Federal Trade Commission has launched a new website, ReportFraud.ftc.gov, where consumers can easily report fraud and all other consumer issues directly to the FTC.


CDC Adjusts Guidance on Close Contact Definition for COVID Purposes

October 22, 2020

We all know that COVID-19 guidance has been a moving target since the condition came to light earlier this year.  


PSCU Releases Third Annual Eye on Payments Study

October 22, 2020

PSCU has announced the release of its annual Eye on Payments study.


Should Chase’s New Kids Account Worry CUs?

October 22, 2020

JPMorgan Chase earlier this month announced the launch of Chase First Banking, a new account for kids and teens managed through the megabank’s mobile app.


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