League News

Count on your League to help you manage today's complex regulatory compliance environment! We've scheduled the first of this year’s quarterly virtual updates for March 13. These virtual updates are designed to aid your team in building its compliance resources and boosting its regulatory expertise. Register now.

Read More »

TruStage™ Ventures, the venture capital arm of TruStage™ offers the Fintech Forum, an online community of credit union leaders, fintechs, and industry partners to foster innovation, share knowledge, and discuss topics impacting the future of financial services. Membership in the Fintech Forum is complimentary to credit union! Sign up here to become a member of the Fintech Forum.

Read More »

US credit unions are grappling with a rapidly rising level of problem loans, in a similar fashion to their banking brethren. In contrast to banks, however, the credit union industry reported slower loan growth in the fourth quarter of 2023, according to S&P Global Market Intelligence data.

Read More »

Feb. 13 was Crossover Day in the Virginia General Assembly. This marked the halfway point of the 2024 Session and is the deadline for bills to pass out of their chamber of origin to be considered by the other body. Here is a synopsis of this year’s major issues and where they currently stand.

Read More »

As we step into the new year, the industry is met with an elevated volume of new developments and trends that are accelerating at breathtaking speeds. Credit unions find themselves navigating a landscape shaped by a liquidity crunch, economic challenges, changing consumer expectations, and growing fraud and cybersecurity risks. As we embark on the new year, the urgency to formulate strategies that align with overarching annual plans has never been more critical.

Read More »

In 2023, credit unions and fintechs were both challenged by a volatile market environment. These conditions forced everyone to re-evaluate strategies and adapt in response. Join TruStage for a Feb. 21 webinar to explore the fintech trends that will shape decisions for the industry. Our panel will discuss the impact of the broader adoption of AI and other new technologies, the continued threat of fraud, the regulatory landscape, and the member experience, amongst other key trends.

Read More »

The January 2024 Credit Union Trends Report is now available. Highlights from the Credit Union Trends Report include: For the first time in many years, small credit unions reported faster loan growth than larger credit unions because of their greater liquidity; home prices rose 4.8% during the last year; and credit union new-auto loan balances were falling at a -2.5% annualized pace in November.

Read More »

Just this week (Feb. 12, 2024), the Federal Financial Examination Council (FFIEC) issued a statement to communicate principles for the examination of residential property appraisal and evaluation (valuation) practices to mitigate risks that may arise due to potential discrimination or bias in those practices; and to promote credible valuations. When it comes time for your exam, whether it is a safety and soundness exam or a specific consumer compliance exam, expect a review of risk management processes for residential lending activity. Here are additional details to help your credit union prepare!

Read More »

Homebase Credit Union this week celebrated the grand opening of its third branch office. Located at 13200 Bermuda Orchard Ln, Chester, VA 23836, the office is dedicated to retired CEO Patsy Stuard, who served the credit union for 45 years.

Read More »

NCUA held its February Board meeting today, which included a quarterly update on the share insurance fund. We've seen a growth in both the number of CAMELS 3/4/5 credit unions, as well as the shares and assets they hold, in recent quarters. Let's see how things looked at year-end.

Read More »