News & Insight

CurrentC mobile payments app faces criticism

Friday, October 31, 2014

CurrentC continues to make headlines as the stores committed to the new digital wallet app – available in 2015 – are blocking usage of Apple Pay, which so far is accepted by increasing numbers as a safer, more secure payment system than traditional credit cards.

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NAFCU touts CUs in response to NYT op-ed on banks

Friday, October 31, 2014

NAFCU urged consumers to check out the value of credit unions in a comment to a New York Times op-ed on the ways consumers are avoiding the high costs of banks.

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Musings from the CU Suite Blog Post: Friction

Friday, October 31, 2014

I remember paydays growing up. My father would go to the credit union and stand in line to get money. As did everyone else. Friction. The ATM reduced that friction.

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Editorial: How do your credit union’s members feel?

Friday, October 31, 2014

If you ask credit union members why they prefer their credit unions to their big-bank competitors, they might offer a variety of answers. Maybe their credit union helped them with a loan for their small business, or it offered them a good interest rate for their mortgage. But I would bet that all of them just prefer their credit union to the competition because of the way the credit union staff treats them.

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Issues & Regulations

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INFOGRAPHIC: Data & Cybersecurity is a Top CU Priority

Data Security

Results of NAFCU's October 2014 Economic & CU Monitor survey show credit unions' concern and focus on data and cybersecurity in order to safeguard their members.

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A revised proposed risk-based capital rule is expected to be issued for comment

Capital Reform

NCUA said a second proposal on risk-based capital – which NAFCU has been pressing for over the past year – could be issued for comment before the end of this year. The amended proposal will include a longer implementation period and revised risk weights for mortgages, investments, member business loans, credit union service organizations and corporate credit unions, among other changes.

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