ORLANDO - Credit unions and CUSOs need to make sure they avoid Kodak's final moment, speaker says.
ORLANDO - Credit union CEO says making connections across all parts of the mortgage process is key.
ORLANDO - New rules could complicate credit union vendor relations too, attorney says.
The OCC appears to be more supportive of collaboration than the NCUA, NACUSO CEO argues.
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.