News Archives

Why you might need an overlap letter to expand

Why you might need an overlap letter to expand

When considering a field of membership expansion, you may run into an overlap with another credit union's field of membership. Depending upon your charter type, you may need to submit an overlap letter to the [...]

The digital account opening slip ‘n slide

The digital account opening slip ‘n slide

The conventional wisdom about first impressions is true, especially in digital channels. These digital first impressions are particularly tricky for financial institutions that are courting small businesses—because small business account opening is a somewhat [...]

Immigration status and student loans

Immigration status and student loans

A few months ago, we blogged about the scope of Regulation Z’s student loans rule and advertising student loans. In this blog, I will cover the fair lending implications of immigration status when evaluating [...]

How open banking drives real-time payments traction

How open banking drives real-time payments traction

Competitive forces in the payments and financial services sector have driven two key trends in the U.S.: the acceleration of payments, and the adoption of open banking frameworks. Both are key to addressing the [...]

Nominations open for the 2020 CU Hero of the Year award

Nominations open for the 2020 CU Hero of the Year award

The credit union movement is full of unsung professionals who devote their talent to shaping a brighter future for members and their community. Credit Union Magazine’s Credit Union Hero Award honors these credit union [...]

NCUA bans 2 from future work in FIs

NCUA bans 2 from future work in FIs

The NCUA in October issued two prohibition notices, which bar individuals previously associated with credit unions from any future participation in the affairs of a federally insured financial institution. Violation of a prohibition order is [...]

Leading through the storm

Leading through the storm

When Sterling Nielsen started as CEO of Mountain America Credit Union on Nov. 1, 2008, the credit union—like the economy—was in trouble. Not only did Nielsen help the CU power through some difficult [...]

Texas grand jury indicts former VP of lending

Texas grand jury indicts former VP of lending

More than five years after a Texas credit union was involuntarily liquidated, federal prosecutors are alleging that the former vice president of lending and five other persons ran a $2.2 million auto fraud loan [...]