Cyberthreats push authority over credit union vendors to top of the NCUA's legislative priority list.
Board Chairman Debbie Matz says cybersecurity risks make regulatory authority over CUSOs and vendors essential.
Brian Quinn, assistant vice president for business services at the $857 million Franklin Mint Credit Union in Broomall, Pa., is the first to admit the system he's using to process member business loans is archaic and inefficient.
This year has been an exciting and pivotal year for CUSOs as they continue to be an incredibly important part of the credit union industry.
From the implementation of new rules that call for additional reporting requirements to risk-based capital worries, CUSOs had a tumultuous 2014. With advocates vowing to keep the pressure on in 2015 to ease regulatory scrutiny, credit unions are forging ahead with new alliances to stay competitive.
Trade group opposes the NCUA's CUSO rule and CUSO risk weighting in its risk-based capital proposal.
Industry leaders share why CUSOs are relevant as RBC comment deadline period approaches.
If the NCUA's luncheon session at last week's NACUSO conference is any indication, Chairman Debbie Matz and crew could face hostile crowds during this summer's listening sessions.
LAKE BUENA VISTA, Fla. — Read what leaders think about CUSO strengths and challenges.
LAKE BUENA VISTA, Fla. — Gaming, solar projects and small business lending are promising niches.