Latest News & VACUL Headlines
- NCUA Board Approves Risk Appetite Statement; Briefed on Central Liquidity Facility and Cybersecurity
October 20, 2022The National Credit Union Administration Board on Thursday approved the agency’s Enterprise Risk Appetite Statement, which helps the agency align risks and opportunities when making decisions and allocating resources to achieve the agency’s strategic goals and objectives. The NCUA Board was also briefed on the state of the Central Liquidity Facility (CLF) and cybersecurity trends affecting federally insured credit unions and the broader financial system.
- Happy International Credit Union Day!
October 20, 2022International Credit Union (ICU) Day® celebrates the spirit of the global credit union movement. The day is recognized to reflect upon the credit union movement's history, promote its achievements, recognize hard work and share member experiences. International Credit Union (ICU) Day® has been celebrated on the third Thursday of October since 1948.
- I Know it's Today ... We Won't Repeat the Mistakes of 2008
October 20, 2022Zest AI takes a trip back to the Great Recession to ask: What if we could have navigated loan decisioning more sure of the risks we were taking and found more members who needed our support?
- NCUA Board Meeting Coverage: With New Cyber Exam Procedures Coming Before Year-End, Cyber-Update Provided
October 20, 2022With its new Information Security Examination (ISE) procedures scheduled to go live for all credit unions before year-end, the NCUA board got an update on cybersecurity risks to both the agency and credit unions during its meeting today.
- NAFCU Credit Union Policy Podcast: Exploring the Risks and Benefits of BNPL Products
October 20, 2022NAFCU announces the release of Episode 7 of the NAFCU Credit Union Policy Podcast (aka the CUPP). This episode's topic: “Exploring the Risks and Benefits of BNPL Products for Your Credit Union.”
- CUNA Mutual Group: Corporate Check Fraud Alert - Oct. 20, 2022
October 20, 2022Credit union cashier's checks and/or corporate checks that closely resemble credit union authentic checks have been presented for payment at financial institutions in connection with scams.
- Mastercard to Bring Crypto Trading Capabilities to FIs
October 20, 2022Mastercard Inc. unveiled Crypto Source, a new offering that will allow banks and fintech companies to deliver cryptocurrency trading capabilities and services to their customers. The company's financial institution partners, in partnership with cryptocurrency custody providers, will be able to access a suite of buy, hold and sell services for select cryptocurrency assets.
- ValleyStar Credit Union Announces Chief Financial Officer
October 19, 2022ValleyStar Credit Union announces Mendy Shaffer as its chief financial officer.
- Call Report Due Date - Oct. 30, 2022
October 19, 2022Call Report is due no later than 11:59:59 P.M. Eastern as shown for the Sept. 30, 2022 call report cycle.
- Recession Fears Hit Risky Mortgage Debt Amid Default Concerns
October 19, 2022Investors are unloading securities sold by Fannie Mae and Freddie Mac that shift the risk of mortgage defaults away
from taxpayers, a sign of growing concern about defaults if rising interest rates cause a severe recession. The securities, called credit-risk transfers, could incur losses if rising defaults creep into the massive swaths of mortgage debt backed by the housing-finance giants.