Member News

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.


CUNA Launches Website to Showcase Credit Union Impact

October 22, 2020

CUNA has launched the Advancing Communities campaign  – an initiative designed to promote the value of credit unions using brief text by theme, short videos of members and links to state-by-state statistics. Credit unions are encouraged to Share Your Credit Union Story by recording or uploading short videos and stories that tell how they have impacted the lives of their members.


CCUA Webinar: A Dialogue with NCUA Board Member Todd Harper

October 21, 2020

The Cooperative Credit Union Association is hosting an open dialogue with The Honorable Todd M. Harper, NCUA Board Member on Friday, November 13 at 10:30 am.


Foundation Supports Veteran Care with $25,000 Donation

October 21, 2020

Hanscom Federal Credit Union Charitable Foundation sponsored the 2020 Run to Home Base, a virtual run/walk fundraiser, on Saturday, September 26, with a $25,000 donation.


SBA Failed to Inform PPP Borrowers About Loan Offset

October 21, 2020

The Small Business Administration failed to inform Paycheck Protection Program borrowers that they would not have a portion of their loan forgiven if they also received an economic injury loan advance from the administration — an omission that has caused shock among PPP borrowers, financial trade groups charged Monday.


NCUA Employees Will Have Choice to Continue Working Virtually

October 21, 2020

Staffers at the National Credit Union Administration will have the option of continuing to work remotely when the agency begins to bring staff back for in-person work, NCUA Chairman Rodney Hood said Monday in an exclusive interview with Credit Union Journal.


Scams Starting on Social Media Proliferate in Early 2020

October 21, 2020

Social media can be a great way to connect with friends while the pandemic has you keeping your distance. 


The 2021 National Credit Union Foundation Celebration

October 21, 2020

When we think of the Foundation Dinner Presenting the Herb Wegner Memorial Awards, we think of a room full of amazing and inspiring credit union people.


Fed Releases Beige Book for October 2020

October 21, 2020

Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources.


EANE Weekly

October 21, 2020

Hotline Call of The Week - QUESTION: With the election around the corner, employees are asking about time off to vote. What leave must we provide?


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