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LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

January 30, 2015

CUs face 'perfect storm' of tech changes in 2015

CU System
A sea of forces--investment, innovation and competition--could expand what credit unions, and other financial institutions, will spend on technology in 2015, according to a new report on technology expectations. ReadMore

CFPB proposes broader 'small creditor,' 'rural' area definitions

Washington
The Consumer Financial Protection Bureau Thursday proposed a broader definition of "small" credit union and bank, as well as an expanded designation for what comprises a "rural" area. CUNA strongly backs easing the regulatory burden of the bureau's mortgage rules on credit unions through the expanded definitions. ReadMore

Capitol visits raise CU awareness at state level

CU System
Credit union leaders from three Midwestern states traveled to their state capitols this week to advocate for key issues on the local level. ReadMore

Ohio, Ga. video: Merchants not watching your wallet

CU System
Across the state, Ohioans on YouTube and Facebook are hearing the demand for merchants to protect their personal information. In a campaign demanding that merchants be held to the same data security standards for protecting consumers' personal financial information as financial institutions, the Ohio Credit Union League is taking the message straight to consumers via a humorous video. ReadMore

Mortgage rates failing to propel housing recovery

Market
The Federal Housing Finance Agency reported Thursday that the national average contract mortgage rate in December fell to 3.98% from 4% the prior month--yet another index to report that interest rates have dropped below 4%. ReadMore

NCUA to hold session on opportunities in underserved markets

Washington
Credit unions can sign up to learn about opportunities that exist within underserved markets. The National Credit Union Administration is offering a Feb. 18 webinar, which will launch at 2 p.m. (ET). ReadMore

Private student lenders get guidance on graduated payment loans

Washington
The National Credit Union Administration, in concert with the other federal financial regulatory agencies, and in partnership with the State Liaison Committee of the Federal Financial Institutions Examination Council, issued guidance Thursday on private student loans with graduated repayment terms at origination. ReadMore
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What will a viking raid? Town or your wallet? http://t.co/JJYXXAGk7g @OhioCreditUnion @GCUAGov #StoptheDataBreaches http://t.co/7jc7rECKSF
8 minutes ago
#creditunions face 'perfect storm' of tech changes in 2015 #NewsNow http://t.co/K2a6GZX8k5
23 minutes ago
Middle-class families walking a tightrope with little savings @pewresearch HT @CNNMoney http://t.co/Pfu2KHASZa
17 hours ago
.@CUNA's @SchenkMike on @federalreserve meeting: http://t.co/Ry39vjWdA1
17 hours ago
#creditunion cites prize-linked savings success in @WSJ http://t.co/3CXupUMx5d
19 hours ago