Technology is the driving force of the financial services industry’s growth, and credit unions are investing in new tech to serve their members. Here are 10 important things to remember when preparing for a core conversion.
The Loan Participation Rule issued by the National Credit Union Administration earlier this summer takes effect on Monday, and credit unions will want to make sure they are meeting the requirements of the final rule.
The NCUA approved the Final Rule on Loan Participations during its board meeting Thursday. The NWCUA compliance team breaks down new details on the rule.
On an application we received indirectly from a dealer, I noticed there was not a section for a joint applicant to evidence his or her intent of being a joint applicant. Instead, there was fine wording at the bottom where the co-applicant affirmed the accuracy of the information and evidenced his or her intent to be joint applicant. Is this okay?