Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CU Times Senior Staff Reporter

ALEXANDRIA, Va. — The industry’s trade groups are hoping a number of suggestions will be strongly considered for a proposed CUSO rule that would add more activities to engage in and ease certain restrictions on expanding services to more members.

In April, NCUA proposed changing its CUSO rule (12 CFR Parts 712 and 741) by adding credit card loan origination and payroll processing services to the list of permissible activities. The proposal would also add new examples of activities within existing categories and would expand the scope of two categories of services to include persons eligible for credit union membership.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.