News Archives

Strengthening workplace connections among teams

Strengthening workplace connections among teams

As the pandemic has transformed the way we work, creating a normality around remote working, so have our organizational relationships. According to a Microsoft Work Trend Index report, working from home has strengthened internal team [...]

NCUA updating exams for cybersecurity and MDI preservation

NCUA updating exams for cybersecurity and MDI preservation

The National Credit Union Administration (NCUA) is updating its examinations to address two high priorities—fostering Minority Depository Institutions (MDIs) and countering cybersecurity threats—officials told the NCUA board Thursday at its monthly open meeting. [...]

Right of rescission for open-end credit

Right of rescission for open-end credit

So, your credit union just opened up a HELOC for a member and now they want to rescind. What happened to no takebacks? Well, under Regulation Z a consumer has the right to rescind a [...]

Financial well-being elevates SEG relationships

Financial well-being elevates SEG relationships

In the past, credit unions could expect to enroll workers from select employee groups (SEGs), provide better rates on loans and deposits, and offer “share draft” accounts. The relationship was straightforward, with the emphasis on [...]

CFPB: Rural areas are becoming banking deserts

CFPB: Rural areas are becoming banking deserts

Bank and credit union consolidation is hitting rural areas particularly hard, leaving residents without the simple financial services they have become accustomed to, the Consumer Financial Protection Bureau (CFPB) said in a report Tuesday. A [...]