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Credit Union News

Former North Carolina credit union CEO charged with fraud, embezzlement

CU Journal - Fri, 04/20/2018 - 4:56pm
A federal grand jury in Charlotte, N.C. has indicted a former credit union CEO with fraud in connection with the U.S. government's Troubled Asset Relief Program.
Categories: Credit Union News

Jump for joy: Credit unions in the community

CU Journal - Fri, 04/20/2018 - 2:56pm
Philanthropy, tech donations, giving back to homeless veterans and other ways credit unions are giving back in their communities.
Categories: Credit Union News

Fiserv, SISCOOP team up for digital banking at Mexican credit unions

CU Journal - Fri, 04/20/2018 - 1:56pm
More than two dozen Mexican credit unions will not be able to offer digital banking services.
Categories: Credit Union News

Eight more credit unions sign on for AFG's balloon lending program

CU Journal - Fri, 04/20/2018 - 1:56pm
The eight credit unions represent a “reach increase” of nearly 7 million consumers and combined assets of over $1.7 billion.
Categories: Credit Union News

Pot and payments: Everything you need to know

CU Journal - Fri, 04/20/2018 - 1:56pm
As marijuana legalization spreads throughout the U.S. and the world, companies in the cannabis market must navigate a delicate tangle of new and old regulations. And many payment providers are unwilling to risk working with dispensaries, leading to some inventive workarounds.
Categories: Credit Union News

NCUA indicates possible field-of-membership appeal in court filing

CU Journal - Fri, 04/20/2018 - 11:56am
Recently filed court documents give the clearest sign yet that the National Credit Union Administration is considering appealing a controversial court decision on the regulator's revised field-of-membership rule.
Categories: Credit Union News

Great Lakes Credit Union names new president/CEO

CU Journal - Fri, 04/20/2018 - 10:56am
Steven Bugg is set to take the top job at the Illinois-based credit union.
Categories: Credit Union News

Wells' $1B penalty: Regulators make good on Trump tweet

CU Journal - Fri, 04/20/2018 - 8:55am
Months after President Trump vowed that Wells Fargo would pay a severe penalty, the CFPB and OCC hit the bank with a $1 billion fine to settle claims it overcharged customers for auto insurance and home loans.
Categories: Credit Union News

Fed official resists taking sides between gun control, FIs

CU Journal - Thu, 04/19/2018 - 3:54pm
Randal Quarles found himself in the middle of an issue that typically doesn't fall under a banking regulator's purview.
Categories: Credit Union News

Financial institutions need to be worried about Facebook's data-sharing debacle

CU Journal - Thu, 04/19/2018 - 3:54pm
Banks and credit unions are sharing more information with third parties these days, but they need to be cautious about it.
Categories: Credit Union News

NCUA board approves relief from stress test burdens, ad requirements

CU Journal - Thu, 04/19/2018 - 2:53pm
As NCUA amended at 2014 regulation on capital planning and stress testing, the two-person committee also marked 24 months of operating with a vacant seat on the board, commending one another for a productive working relationship.
Categories: Credit Union News

CO-OP says goodbye to Shazia Manus, issues $30M dividend

CU Journal - Thu, 04/19/2018 - 8:53am
The former TMG CEO will leave CO-OP this month to join CUNA Mutual Group's AdvantEdge Analytics.
Categories: Credit Union News

Shared Services for Credit Unions pays $736,000 rebate for 2017

CU Journal - Wed, 04/18/2018 - 4:51pm
The Florida-based credit union service organization's 2017 dividend was nearly 20% higher than what it paid out for 2016.
Categories: Credit Union News

On-site with NACUSO at 'The happiest place on earth'

CU Journal - Wed, 04/18/2018 - 4:51pm
Insights from the National Association of Credit Union Service Organizations' 2018 conference, taking place this week at the Disneyland Hotel in Anaheim, Calif.
Categories: Credit Union News

Does Senate’s repeal of CFPB policy put all guidance in crosshairs?

CU Journal - Wed, 04/18/2018 - 2:51pm
Passage of a resolution blocking guidance on auto loan pricing could set a precedent that allows Congress to nullify other long-past regulatory issuances.
Categories: Credit Union News

An attack on NAFCU is an attack on credit unions: Berger

CU Journal - Wed, 04/18/2018 - 2:51pm
NAFCU's Dan Berger fires back after CUNA CEO Jim Nussle criticized the rival trade group in a recent op-ed.
Categories: Credit Union News

Senate votes to block CFPB auto lending guidance

CU Journal - Wed, 04/18/2018 - 12:51pm
The Senate voted Wednesday to block guidance issued by the Consumer Financial Protection Bureau in 2013 that was meant to stop discriminatory markups on indirect loans made by car dealers.
Categories: Credit Union News

Michigan State University FCU reaches $4 billion in assets

CU Journal - Wed, 04/18/2018 - 11:50am
The $4 billion-asset milestone comes one year after the East Lansing, Mich.-based credit union hit the $1 billion mark for mortgage lending.
Categories: Credit Union News

Small businesses hit by disaster often struggle with credit, too

CU Journal - Wed, 04/18/2018 - 11:50am
Banks may need to do more to help small businesses after a hurricane, flood or other calamity as those firms tend to favor nonbank lenders after an emergency for a number of reasons, according to research by four regional Federal Reserve banks.
Categories: Credit Union News

At NACUSO annual, compliance quartet highlights hot-button issues

CU Journal - Tue, 04/17/2018 - 5:49pm
Representatives from the law firm of Messick, Lauer & Smith took part in a compliance panel during the National Association of Credit Union Service Organizations' annual conference in Anaheim, Calif.
Categories: Credit Union News

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