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News Now

September 12, 2014

100M memberships celebrations brings in the major leagues

CU System
No strikeouts here--just solid home runs by credit unions as they celebrate the movement's 100 million memberships milestone at big league baseball parks. ReadMore

Millennials eschew credit cards, put future credit at risk

CU System
Millennials are carrying around much less plastic than their older counterparts, a study from Bankrate.com has found, as 63% of people ages 18 to 29 don't possess a single credit card. ReadMore

NCUA, AARP team up for fin. ed. initiatives, outreach

Washington
The National Credit Union Administration has announced a new alliance in the effort to increase the financial literacy of the American public. ReadMore

Technical amendments, stabilization fund report on NCUA meeting agenda

Washington
The National Credit Union Administration has released the agenda for its monthly board meeting, which will be held Sept. 18. ReadMore

UBIT Steering Committee receives prestigious Pierre Jay Award

Washington
The UBIT Steering Committee, comprised of CUNA, CUNA Mutual Group, the American Association of Credit Union Leagues and the National Association of State Credit Union Supervisors, was recognized Thursday for its long and diligent work that successfully persuaded the Internal Revenue Service to issue examiner guidance on unrelated business income tax. ReadMore

Cordray addresses new mortgage forms, eClosing pilot program

Washington
With new mortgage form requirements going into effect in less than a year, and technology offering solutions to make loan paperwork simpler for consumers and lenders, Consumer Financial Protection Bureau Director Richard Cordray took some time to address those issues this week. ReadMore

See who's 1st to earn CUNA's new biz development designation

CU System
So emerges the first-ever group of credit union professionals to receive the newly offered Credit Union Business Development Professional designation, CUNA announced this week. ReadMore

Consumers have bleak view of U.S. economy, finances, reports find

CU System
Two recent studies--one by GOBankingRates.com and one from the Pew Research Center--capture the sentiment that Americans continue to be stressed about the economy and fearful for the financial futures. ReadMore
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#NewsNow: @CFPB offers tips for consumers who think their credit/debit cards have been hacked. http://t.co/rHnfYkJPIj
6 hours ago
See who's 1st to earn @CUNA's new biz development designation #NewsNow http://t.co/vn5ch4HkRC
8 hours ago
Joe Bergeron, president/CEO of the Association of Vt. CUs, has been re-elected to the board of the @NCBACLUSA
8 hours ago
NCUA reminds: CU managers/directors looking to improve leadership skills still can register 4 Leadership Boot Camps. http://t.co/0AUtIpWNqr
8 hours ago
Australia's Customer Owned Banking Association is @fileneresearch 's latest Gold benefactor.
11 hours ago