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Credit Union News

Texas Trust Credit Union closes merger with Qualtrust CU

CU Journal - Tue, 04/03/2018 - 11:52am
The Arlington, Texas-based credit union now has more than $1.2 billionin assets and serves more than 114,000 members. The merger was first announced last spring.
Categories: Credit Union News

Weed is serious business for Canada's go-to pot banker

CU Journal - Tue, 04/03/2018 - 11:52am
Rob Paterson didn't seem to fit the script of a go-to banker for the pot industry — he barely drank and hadn't smoked a joint since his university days. But three years since taking on his first marijuana customer, that's just what the CEO of Alterna Savings & Credit Union has become.
Categories: Credit Union News

It ‘would stab a knife’ into CFPB: Critics react to Mulvaney proposal

CU Journal - Tue, 04/03/2018 - 10:52am
The latest salvo by the acting director of the Consumer Financial Protection Bureau — proposing in the agency's semiannual report that all CFPB rules be subject to congressional approval — left many observers stumped if not outraged.
Categories: Credit Union News

1st United CU promotes from within for new CEO

CU Journal - Tue, 04/03/2018 - 9:51am
CFO Steve Stone has been elevated to the chief executive position following the retirement of CEO Victor Quint.
Categories: Credit Union News

Cherokee Strip CU signs core data deal with CU*Answers

CU Journal - Tue, 04/03/2018 - 9:51am
The $70 million-asset credit union is scheduled for conversion by the end of this year.
Categories: Credit Union News

Credit unions face risks if NCUA appeals field of membership ruling

CU Journal - Mon, 04/02/2018 - 4:49pm
If the National Credit Union Administration appeals a judge's decision against part of its rule, it could help the ABA potentially upend other provisions.
Categories: Credit Union News

Homeowners tapping into more equity, while keeping leverage low

CU Journal - Mon, 04/02/2018 - 4:49pm
Mortgage borrowers collectively hold more equity in their homes than at any other time on record, but while some analysis shows they've been slow to borrow against this newfound wealth, credit union home equity lending was up significantly last year.
Categories: Credit Union News

CFPB's Mulvaney looks to rein in ‘tyranny’ of agency he runs

CU Journal - Mon, 04/02/2018 - 2:49pm
Acting Consumer Financial Protection Bureau Director Mick Mulvaney proposed dramatic curbs to his agency's power in a report Monday, including a recommendation that all CFPB rules must be approved by Congress.
Categories: Credit Union News

Bill Raker to retire from Firefly Credit Union at year end

CU Journal - Mon, 04/02/2018 - 12:49pm
After 32 years of service – 20 as CEO – the credit union veteran will step down at the $1.2 billion-asset institution.
Categories: Credit Union News

NCUA bans three in March prohibition orders

CU Journal - Mon, 04/02/2018 - 11:48am
The trio of former credit union employees all pleaded guilty to various charges of fraud and theft.
Categories: Credit Union News

With big goals in mind, Kinecta FCU and soccer's LA Galaxy team up

CU Journal - Fri, 03/30/2018 - 12:34pm
In a first for the credit union, Kinecta CU will be the exclusive financial services partner of the Major League Soccer team and its home venue, StubHub Center.
Categories: Credit Union News

NAFCU files amicus brief on behalf of APCI FCU

CU Journal - Fri, 03/30/2018 - 8:34am
Latest ADA website lawsuit against a credit union filed in Eastern District of Pennsylvania.
Categories: Credit Union News

Bound by faith and thrift: The double-edged sword of Christian CUs

CU Journal - Fri, 03/30/2018 - 5:34am
Christian credit unions are unique institutions often supported by a faith community, but they face many challenges similar to those of secular CUs.
Categories: Credit Union News

Judge’s ruling a mixed bag for credit unions as trades vow to fight on

CU Journal - Thu, 03/29/2018 - 7:31pm
A federal judge has upheld two provisions from NCUA's revised field of membership rule but struck down two other measures related to population centers.
Categories: Credit Union News

FHFA still eyeing 2019 for implementation of new credit score model

CU Journal - Thu, 03/29/2018 - 4:30pm
The annual progress report on the Fannie Mae and Freddie Mac conservatorships reiterated that a new credit score model will likely not be operational until after the implementation of a new Single Security Initiative.
Categories: Credit Union News

Credit unions tap new crop of leaders

CU Journal - Thu, 03/29/2018 - 3:30pm
Several credit unions make key hires at the "chief" level in finance, marketing, business development and more.
Categories: Credit Union News

Northwest Credit Union Association hails advocacy wins

CU Journal - Thu, 03/29/2018 - 3:30pm
Northwest CU Association hails victory in all three of the states it represents, including an update to Idaho's Credit Union Act, as well as bills related to data security and municipal deposits.
Categories: Credit Union News

Northern California CU changes name to Compass Community CU

CU Journal - Thu, 03/29/2018 - 2:30pm
Following a charter change from employee-based to a community-based field of membership, the credit union said the new name will help it reach its new base.
Categories: Credit Union News

Calif. credit union CEO appointed mayor

CU Journal - Thu, 03/29/2018 - 1:30pm
Mendell Thompson, president and CEO of America’s Christian Credit Union, was named mayor of Glendora, Calif. by the city council.
Categories: Credit Union News

Can you hear me now? VACU sings the praises of voice authentication

CU Journal - Thu, 03/29/2018 - 1:30pm
Voice authentication software has improved call center service at Virginia Credit Union and shortened call times by nearly 25 percent.
Categories: Credit Union News

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