Aaron Passman is editor of Credit Union Journal, the nation’s leading credit union news resource. He was appointed editor in 2018 after two years as an assistant editor at CUJ and nearly five years as a reporter there. He has worked as a staff writer or freelancer for a variety of publications across the country and is a graduate of the University of Kansas.
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The credit union service organization Member Driven Technologies has a laid-back work environment but works hard to translate its internal culture to employees who may be located hundreds of miles from headquarters.
February 4 -
Data from the Credit Union National Association indicates the rule has decreased lending and increased costs as institutions work to stay compliant.
January 23 -
First mortgage volumes continue to rise at credit unions, but home equity lines of credit have fallen dramatically in recent years.
December 20 -
The credit union regulator has spent 20 years asking lawmakers for greater oversight of third-party vendors. Here's why it might finally happen.
October 24 -
Draft legislation would amend the Bank Service Company Act to give the National Credit Union Administration third-party vendor oversight, a power it has been requesting for the better part of two decades.
October 18 -
The industry has taken some steps to lower barriers to affordable housing, but some observers say that more can be done.
September 5 -
A handful of institutions in the last year have rolled out loan programs targeting members of the military and first responders, but there could be risks associated with these mortgages if the economy takes a nosedive.
July 4 -
Some credit union advocates are praising the Consumer Financial Protection Bureau for a move that exempts select institutions from certain reporting requirements, but other say the bureau must still do more.
July 11 -
National Credit Union Administration Chairman J. Mark McWatters said dropping Consumer Financial Protection Bureau oversight of credit unions would free up CFPB resources.
July 6 -
New and used auto lending broke records, while HELOCs and second mortgages reached levels not seen since 2012.
July 3 -
The credit union allegedly denied a 2015 mortgage application from a married couple when the woman was on maternity leave, violating the Fair Housing Act.
May 10 -
The regulator's settlement with Nomura is tied to the failures of two corporate credit unions, though Nomura did not admit fault as part of its settlement.
November 3 -
Tewksbury FCU and CU Close have launched a new collaborative enterprise to help lenders and credit unions profit from combined volume and more efficient vendor management.
February 4 -
The Supreme Court has denied an appeal from several banks regarding a lawsuit filed by NCUA concerning the sale of mortgage-backed securities that contributed to the failure of two corporate credit unions more than seven years ago.
January 14 -
NCUA has filed suit against another big banking company over mortgage-backed securities.
December 24 -
A community revitalization program in the City of Brotherly Love is connecting potential homebuyers to financial institutions, and some credit unions are among those reaping the benefits.
November 10 -
The Consumer Financial Protection Bureau remains committed to working with the financial services industry to improve the mortgage closing experience for consumers through the use of technology, CFPB director Richard Cordray said.
September 22 -
The CFPB's "Know Before You Owe" rule combining TILA and RESPA disclosures "is one of the largest and most impactful regulatory changes credit unions have probably ever seen, one analyst says.
November 26 -
BECU has found success leveraging Pinterest as part of a larger lending campaign.
August 19 -
The biggest compliance issues credit unions will face in the next 12 months relate to every step of the mortgage process.
July 29
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