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Fed Minutes Show Interest in Extending Bond-Buying

In the records from its last policy meeting, the Federal Reserve signaled that it would probably begin a new bond-buying program in December to try to spur job growth. READ MORE > Fed Minutes Show Interest in Extending Bond-Buying:

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Twenty-Five Years of Showing Up

www.NCOFCU.org/Tucson-AZ-2026    Attendee Registration Schedule at a Glance ...
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Boston Firefighters Credit Union Becomes First Responders Credit Union

New name reflects nearly 80 years of service and a growing commitment to first responders across Massachusetts BOSTON, MA, June 15, 2026 — Boston Firefighters Credit Union today announced that it has officially changed its name to First Responders Credit Union , reflecting the broader first responder community the organization serves while honoring the firefighters who founded it nearly 80 years ago. Founded in 1947 by members of the Boston Fire Department, the credit union was established to serve the financial needs of firefighters and their families. Over the decades, it has grown into a trusted financial institution serving firefighters, law enforcement professionals, EMS personnel, civilian employees of first responder agencies, and their families throughout Massachusetts. Today, more than 12,000 members rely on the credit union for banking, lending, and financial guidance tailored to the unique demands of first responder life. While the name is new, the mission is not. ...
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Just Out! - NCUA Stablecoin Plan Opens Door To Credit Union-Backed Digital Dollar Issuers

ALEXANDRIA, Va.—A sweeping new NCUA proposal to implement the GENIUS Act could open the door for credit union-backed stablecoin issuance, but only through separately licensed subsidiaries operating under an extensive new federal regulatory framework that limits risks to the Share Insurance Fund. The 269-page supplemental proposed rule issued Friday lays out how “permitted payment stablecoin issuers” affiliated with federally insured credit unions would be supervised, examined and regulated by the NCUA, while also establishing rules covering reserves, liquidity, custody, operational risk, cybersecurity, anti-money laundering compliance and disclosure standards. The proposal supplements an earlier February 2026 proposal by the agency focused primarily on licensing and investments in stablecoin issuers. Federally insured credit unions themselves would still be prohibited from directly issuing payment stablecoins under the GENIUS Act. Instead, issuance would have to occur through a separa...
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NCUA Issues Final Rule to Revise Record Preservation Requirements

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Credit Where Credit's Due

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NCUA Board Meeting Coverage: NCUA Approves New Cyber Incident Reporting Rule

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NCUA Board Approves Final Rule on Dependent Care and Board Member Reimbursement

Alexandria, VA (June 8, 2026) ― The National Credit Union Administration today issued a final rule for Dependent Care and Board Member Reimbursement. The NCUA Board amended its regulations concerning the reimbursement of reasonable expenses for federal credit union officials to remove potential barriers to volunteer service. This final rule provides flexibility for a federal credit union’s board to adopt more family-friendly policies tailored to its size, region, and operations. Previously, dependent care costs had not been considered reasonable expenses under NCUA regulation 12 C.F.R. 701.33.  The final rule applies to all federal credit unions, including corporate federal credit unions. It will not apply to federally insured, state-chartered credit unions, which remain subject to state law. The final rule is effective 30 days from the date of publication in the Federal Register and takes into consideration public comments received from the proposed rule that was issued on Januar...
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Update from TruStage - Forecast for CU, Economic Performance for Remainder of 2026, 2027

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Taking a More Strategic Approach to Succession Planning

As the most important act a board of directors will take, give CEO selection the time and process your members deserve. By Deedee Myers | September 13, 2024 at 09:00 AM Credit/Adobe Stock With a continued wave of industry leaders retiring, now is the time to ensure your credit union takes a strategic approach to succession planning. There is a wide range of approaches to this critically important process. Some institutions simply point to a box on the organization chart to identify who is next in line or has been there the longest. Others are moving beyond one-time or occasional conversations toward a more strategic, relevant and effective succession planning process, which is a critical and valued factor supporting organizational health and sustainability. The size and complexity of the organization impact the availability of succession planning resources. Larger and complex organizations have more executives at the sen...
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