'Periodically, I will read about something that happened at another credit union, and I’ll ask our supervisors or full staff, “What would you do in this situation if it happened here”?' says CEO Mark Baron of Fieldstone Credit Union.
After weeks of hurricanes, and now wildfires, it’s more important than ever for credit unions to be prepared for disasters. Federally insured credit unions are required to have disaster recovery and business resumption plans.
CUNA member credit unions can now access an interactive spreadsheet designed to help them determine which credit card fees are “reasonable and bona fide” under the Military Lending Act. Related regulations are effective Tuesday.
CUNA’s Final Rule Analysis of the Consumer Financial Protection Bureau’s short-term, small-dollar loan rule is now available, to help credit unions figure out how it will affect small-dollar lending at their institution.