In a recent comment letter to NCUA, New York Credit Union Association President/CEO William J. Mellin urged the agency to reconsider the collateral requirements that have been imposed on credit unions making specific types of loans – The Point

Recognition Round-Up: Mira Ness of New York University FCU recently earned the prestigious Credit Union Development Educator designation – The Point

As a reminder, OwnersChoice Funding will host its first ever Mortgage School on Wednesday, Oct. 24, and registration is open – The Point

Over half of all payment cards issued in the world this year will be contactless – CU Times

The Cooperative Credit Union Association named Sarah Vega, who served as chief of staff and senior policy advisor to NCUA Chairman J. Mark McWatters, as its new president/CEO – CUToday

Figure Technologies—a startup run by the former head of SoFI— now has its first product: an online system that approves home equity loans in minutes and delivers funding in as little as five days – CU Journal

State Sen. Tony Avella, a former member of the defunct Independent Democratic Conference, will continue to campaign for his seat, despite losing the Democratic primary – Times Union

The Federal Reserve is unlikely to change its plans to raise interest rates in an economy performing in line with the central bank’s forecasts – Reuters

It’s safe to say credit unions are in a danger zone when it comes to interest rate risk, the blog opines – New York’s State of Mind