Fake ID fraud is declining, but small lenders are still vulnerable
Though synthetic identity fraud is down across the industry, there's been an uptake in such attacks targeting credit unions. ... Read full article
News Topic: Credit unions
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NCUA Chairman Rodney Hood praises Trump in new White House video
Hood's comments mark an unusual turn for an industry famous for its bipartisanship. ... Read full article
Cross River makes jump to real-time payments. Will other small banks follow?
Increased adoption of The Clearing House’s faster payments system could put pressure on community banks and credit unions awaiting the launch of the Fed’s competing service, FedNow. ... Read full article
'These foolish ideas': Comments of the week
Readers react to plans by Democratic presidential candidates to reform college tuition, credit unions buying more banks, whether the next president could fire the CFPB head and more. ... Read full article
Do big credit unions act too much like banks?
From expanding their membership to buying naming rights for major stadiums, big credit unions are taking unfair advantage of their tax exemption, bankers and industry observers argue. ... Read full article
Making Amazon work for smaller issuers
Vibrant Credit Union sees great value in converting its members to mobile and digital payments. And days like Amazon Prime Day can be critical for its digital wallet strategy. ... Read full article
Georgia bank agrees to sale to Florida credit union
First Commerce Credit Union's agreement to buy Citizens Bank brings to 14 the number of deals this year in which a credit union is buying a bank. ... Read full article
Bankers fight back against credit union takeovers
An increase in credit union acquisitions of banks has been a blow to the morale of many commercial bankers, and some of their trade organizations are trying to slow down the trend. There may be little they can do. ... Read full article
Goldman’s Chavez to retire; credit unions on bank buying spree
The co-head of the bank’s securities division, 55, was once seen as a possible CEO; the institutions are gobbling up small banks at a record pace, prompting pushback from banks. ... Read full article
Elevations Credit Union plans to buy Colorado bank
The pending sale of Cache Bank & Trust would be the first credit union-bank deal in the state. ... Read full article
Credit Unions with the Largest Portfolios of Home Equity Loans
On Mar. 31, 2019. Dollars in thousands. ... Read full article
Credit Unions with the Largest Portfolios of First Mortgage Loans
On Mar. 31, 2019. Dollars in thousands. ... Read full article
Legal win has credit unions on defense again over redlining charges
Banks are expected to appeal last week’s field of membership ruling, but credit unions must also explain why part of their new rule doesn't discriminate. ... Read full article
Appeals court upholds most of credit union membership rule
A panel of federal appeals court judges reversed a district court’s decision on the NCUA’s controversial field-of-membership rule, but saw merit in bankers’ claims of potential redlining. ... Read full article
Credit Unions with the Most Deposits
On Mar. 31, 2019. Dollars in thousands. ... Read full article
Credit Unions with the Largest Portfolios of Loans and Leases
On Mar. 31, 2019. Dollars in thousands. ... Read full article
Credit Unions with the Most Assets
On Mar. 31, 2019. Dollars in thousands. ... Read full article
Indiana credit union agrees to buy community bank
Indiana Members Credit Union will pay cash for Commerce Bank. ... Read full article
New NCUA chief puts diversity, cybersecurity atop priority list
Tussles over risk-based capital have preoccupied the agency of late, but Rodney Hood says he also wants to foster growth of minority-owned institutions and make sure credit unions are taking the hacker threat seriously. ... Read full article
And now, the hard part of the Fed’s path to real-time payments
Addressing payment security and achieving interoperability with a rival, private-sector network are just some of the challenges the central bank faces in building a government-backed real-time payment system. ... Read full article