The rule will revise the definition of a credit union service facility for multiple common-bond FCUs.
The NCUA agrees with the GAO on all of its key findings in the report.
Committee members also approve a lifetime ban exemption for some employees convicted of a felony.
Sponsored by Finastra
Technology is opening the doors for lenders looking to serve this growing market in a critical time. Find out how your CU can enable simple, fast access to capital for minority businesses to thrive, and by extension, the communities they serve.
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Research indicates that credit unions are missing out on significant revenue opportunity through payments - one that large banks are quickly seizing. This whitepaper provides strategy insights specifically for credit unions and how they can start winning the payments game now.
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At a time when 65 percent of global bank executives predict that the traditional, branch-based banking model will be obsolete by 2062, it is clear that credit unions must act now to innovate if they hope to compete with other financial institutions for market share. This ebook outlines how credit unions can use data and analytics to drive results, strengthen member relationships, improve marketing segmentation and reduce fraud.
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