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Credit Union News

Langley Federal Credit Union converts to Symitar’s Episys

CU Journal - Tue, 06/12/2018 - 3:47pm
The Virginia-based CU cited the need for greater automation to continue its growth.
Categories: Credit Union News

Relief may be in reach for bankers fed up with SARs

CU Journal - Tue, 06/12/2018 - 3:47pm
Legislation with bipartisan support would raise the threshold for reporting suspicious activity, a goal banks have long sought.
Categories: Credit Union News

Municipal Credit Union fires former CEO Kam Wong

CU Journal - Tue, 06/12/2018 - 2:47pm
Wong was placed on administrative leave in February and arrested in May in connection with alleged embezzlement and fraud at the credi tunion.
Categories: Credit Union News

As CEO retires, Telco Plus CU names new leadership

CU Journal - Tue, 06/12/2018 - 1:46pm
Longview, Texas-based credit union has tipped Randall Perason to succeed retiring CEO Betty DeWeese.
Categories: Credit Union News

Senate Banking panel advances two Fed nominees

CU Journal - Tue, 06/12/2018 - 11:46am
The Senate Banking Committee approved the nominations of Richard Clarida as vice chairman of the Fed and Michelle "Miki" Bowman as a Fed governor.
Categories: Credit Union News

FHFA seeks to bring more transparency to GSE balance sheets

CU Journal - Tue, 06/12/2018 - 10:46am
The agency proposed new minimum capital requirements for Fannie Mae and Freddie Mac that would only go into effect if the government ends its conservatorships.
Categories: Credit Union News

Successor named as Campus Federal Credit Union CEO plans retirement

CU Journal - Tue, 06/12/2018 - 10:46am
Chief Administrative Officer Jane Verret will succeed CEO Dawn Harris, who plans to retire at the end of this year.
Categories: Credit Union News

We fear change: Why even deregulation is challenging

CU Journal - Tue, 06/12/2018 - 8:45am
Perhaps the only thing more challenging than dealing with a tidal wave of new regulations to comply with is the uncertainty of what might happen next.
Categories: Credit Union News

ADA suit against Roanoke Valley Community CU dismissed

CU Journal - Tue, 06/12/2018 - 8:45am
Federal district court in Virginia finds plaintiff had so standing to sue – again.
Categories: Credit Union News

17 trade associations sign letter supporting GUIDE Act

CU Journal - Tue, 06/12/2018 - 8:45am
Groups representing banks, credit unions, the housing industry and others argue in favor of a bill requiring the CFPB to issue timely guidance on its rules.
Categories: Credit Union News

Even with Trump's support, pot banking bill may still fall short

CU Journal - Tue, 06/12/2018 - 8:45am
Despite bipartisan support, the latest congressional effort to enable the legal marijuana industry's access to the banking system still faces plenty of roadblocks.
Categories: Credit Union News

The next generation of leaders gives back: CUs in the community

CU Journal - Mon, 06/11/2018 - 4:42pm
From supporting life-saving research to making a difference in their communities, here's how credit unions across the country are giving back.
Categories: Credit Union News

The five emerging technologies that matter for credit unions

CU Journal - Mon, 06/11/2018 - 3:41pm
According to one analyst, the threat from fintech was overrated – but there are plenty of other tech trends credit unions need to be ready for.
Categories: Credit Union News

Michigan CU League President Ken Ross to resign

CU Journal - Mon, 06/11/2018 - 3:41pm
Ross last year was elevated from EVP to president and chief operating officer, as league CEO Dave Adams shifted his focus to CU Solutions Group.
Categories: Credit Union News

Why credit union lending must be about more than just millennials

CU Journal - Mon, 06/11/2018 - 1:40pm
Millennials may be the largest demographic in America today, but one marketing expert says credit unions who ignore older potential borrowers do so at their own peril.
Categories: Credit Union News

CU at the DMV

CU Journal - Mon, 06/11/2018 - 7:40am
Nutmeg State Financial Credit Union is the first CU in Connecticut to offer in-branch DMV services — a move that could drive new growth at the credit union.
Categories: Credit Union News

Mulvaney meets with Kansas, Missouri CU leaders

CU Journal - Fri, 06/08/2018 - 5:24pm
Acting CFPB Director Mick Mulvaney held a roundtable with credit union leaders from the plains states, including discussions of how the bureau would seek input form CUs now that its advisory boards have been shuttered.
Categories: Credit Union News

Strange bedfellows: Trump backs Warren's pot banking bill

CU Journal - Fri, 06/08/2018 - 4:24pm
In a break with his own Justice Department, President Trump suggested Friday he would sign a bill co-authored by Sen. Elizabeth Warren to protect financial institutions that help legal marijuana businesses.
Categories: Credit Union News

New MBA chief's hardest job? Not screwing things up

CU Journal - Fri, 06/08/2018 - 4:24pm
Robert Broeksmit has a tough act to follow succeeding David Stevens, the CEO revered for navigating the Mortgage Bankers Association through one of its most tumultuous eras on record. But in doing so, Broeksmit has a distinct advantage over many of his predecessors: inheriting an organization on the upswing.
Categories: Credit Union News

One credit union's attempt to narrow the retirement-savings gap

CU Journal - Fri, 06/08/2018 - 3:24pm
Apple Federal Credit Union is taking steps to help members save for retirement after a recent study revealed high percentages across the age spectrum aren’t saving enough.
Categories: Credit Union News

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