Links in “Credit Unions”

According to NCUA Vice Chair Risk Metsger, more than two-thirds of the financial institutions that have signed up for Apple Pay are credit unions. Consumers can use the new mobile pay app at over 220,000 retail locations. [10/21/14]

With drivers defecting from traditional cabs to services like Uber, the price of taxi medallions has dipped from over $1 million to about $850,000, impacting credit unions that specialize in the taxi medallion market, which is seeing its worst dip since the post 9/11 market. [10/21/14]

Although it's unlikely your institution will be affected by Ebola, there are other seasonal "pandemics" that could take a toll on your operations if left unchecked. CUNA has prepared a guide for what you can do to limit the effect of illness on your institution. [10/20/14]

Credit unions, which are typically known for avoiding lending risk, have been participating in more subprime auto lending, contributing a great amount to the auto credit "boom" of recent months. [10/20/14]

90-year-old Clarence Hall Jr. is being honored by NCUF with the Herb Wegner Memorial Award for Lifetime Achievement award. Although not widely known in the credit union industry, Hall's impact on financial literacy and civil rights showed his dedication to credit union values. [10/20/14]

While for most people the impending holiday season brings feelings of joy, for the financial institution’s operations officer, this season means one thing: the deadline for the ACH audit. But perhaps AffirmX Senior Analyst Coppelia Padgett can put a little joy back into the season by helping you avoid these three common ACH problems. [10/17/14]

Apple’s mobile payment service, Apple Pay, will be launched on Monday. According to CEO Tim Cook, 500 banks have already partnered with Apple to offer the service and it will be available in 220,000 merchant locations. [10/17/14]

The NCUA Board has proposed changes to its Flood Insurance Rule at is October 23^rd Board meeting. The proposed rule, which reflects legislative changes resulting from the 2012 Biggert-Waters Flood Insurance Act, requires that credit unions and other lenders accept private flood insurance. [10/17/14]

The Boards of the Massachusetts, New Hampshire and Rhode Island Leagues will be voting this month about whether they should follow the trend we’ve seen the last several years and merge their associations. If approved, the new association (to be called the Cooperative Credit Union Association) will continue to provide local representation and support local charities and community efforts in each state. [10/17/14]

The Federal Reserve Board is planning to vote on a final regulation on qualified residential mortgages at its October 22^nd board meeting. The Wall Street Journal is reporting that the expectation is that the standards for mortgages that are packaged into mortgage-backed securities will be loosened in order to make credit more available. [10/16/14]