Links in “Credit Unions”

Despite declines in mortgage originations, the industry is seeing growth in membership and with other types of loans. On the other hand, credit unions are increasing their long-term investments, which may cause concerns with interest rate risk as rates continue to rise. [6/4]

Five areas that the CFPB is planning to change in the near future and how they could impact your credit union. [6/4]

Florida Central Credit Union is asking regulators for approval to buy a Sarasota branch of First Federal Bank. [6/4]

Investing in people and communities will produce dividends for credit unions in many respects, but the higher interest rate environment of late 2013 and the first quarter of 2014 slowed mortgage originations. An increase in long-term investments could pose interest rate risk for federally insured credit unions as interest rates rise. [6/4]

AffirmX's EVP Director of Risk Management Ken Agle explains why an ongoing series of more frequent compliance reviews can help keep your institution on par. [6/3]

Despite a lot of rhetoric about young members not using branch offices, branch usage continues to be strong. However, there is still risk in overbuilding one-size fits-all silos. The answer may be incorporating more self-service and remote technology to connect with your changing membership and to manage costs. [6/3]

A woman who robbed a branch of Alaska FCU made the mistake of showing up the next day to rob the same branch. Alert employees spotted the woman standing in the teller line and contacted the authorities who arrested her as she fled the parking lot. [6/3]

The Massachusetts Division of Banks has received certificates of accreditation from the Conference of State Bank Supervisors (CSBS), the National Association of State Credit Union Supervisors (NASCUS), and the American Association of Residential Mortgage Regulators (AARMR). These accreditations certify that the Massachusetts Division of Banks maintains the highest standards in state banking, credit union, and mortgage supervision. This is the first triple-accreditation of its kind, and is part of a pilot program between the three organizations. [6/3]

With an increase of over 237% in the past 10 years, employee lawsuits for violations of the Fair Labor Standards Act continue to rise and pose an increasing risk to employers. Two reasons are cited for the increase: the tightening of the federal standards for class certifications has resulted in more individual and multi-plaintiff lawsuits, and an increased focus on wage and hours laws and the availability of overtime pay. [6/2]

After a quiet few months, NCUA issued prohibition orders in May against nine individuals banning them from participating in the affairs of an federally insured financial institution. [6/2]