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Updated: 52 min 57 sec ago

Corporate One's CUSO names new CEO

Fri, 12/14/2018 - 4:55pm
David Fearing will take over at Accolade Asset/Liability Advisory Services as Joe Ghammashi retires.
Categories: Credit Union News

House Dems urge CFPB’s Kraninger to commit to military lending exams

Fri, 12/14/2018 - 4:55pm
Former CFPB chief Mick Mulvaney had claimed the agency could not supervise firms for Military Lending Act compliance, but lawmakers want his successor to go in a different direction.
Categories: Credit Union News

The border wall fight is killing chances of year-end banking reforms

Fri, 12/14/2018 - 11:54am
As Congress moves closer to its Dec. 21 deadline to keep the government funded, the outlook for more financial services regulatory relief continues to worsen.
Categories: Credit Union News

Small Catholic credit union in Virginia merges into ABNB FCU

Fri, 12/14/2018 - 9:54am
Hampton Roads Catholic Federal Credit Union had $5.3 million in assets and about 1,000 members before it merged with ABNB earlier this month.
Categories: Credit Union News

Fort Bragg Federal Credit Union issues first ever loyalty dividend

Fri, 12/14/2018 - 9:54am
The North Carolina-based institution distributed more than $624,000 with some members receiving as much as $500.
Categories: Credit Union News

Credit union groups file amicus brief supporting FOM appeal

Fri, 12/14/2018 - 8:54am
One week after NCUA filed its own appeal brief, three major organizations banded together in support of the expanded field-of-membership rule
Categories: Credit Union News

NCUA surprises credit unions with potential rebate

Thu, 12/13/2018 - 4:54pm
The National Credit Union Administration board voted to decrease the normal operating level for the share insurance fund in addition to prioritizing alternative capital as part of its regulatory reform.
Categories: Credit Union News

FHFA would ban VantageScore from Fannie Mae, Freddie Mac credit scores

Thu, 12/13/2018 - 3:54pm
The Federal Housing Finance Agency has proposed barring Fannie Mae and Freddie Mac from using credit scores developed by VantageScore over concern about conflicts of interest with the joint venture of Equifax, Experian and TransUnion.
Categories: Credit Union News

Senate could consider bill to delay controversial capital rule

Thu, 12/13/2018 - 3:54pm
The legislation follows passage of a similar bill in the House and would push back implementation of NCUA’s risk-based capital rule to 2021.
Categories: Credit Union News

NCUA partners with 6 states to test alternating exam structure

Thu, 12/13/2018 - 2:53pm
Three different methodologies will be tested in the pilot program, which is expected to last about three years.
Categories: Credit Union News

CEFCU breaks its own record with special dividend

Thu, 12/13/2018 - 10:53am
Citizens Equity First Credit Union in Peoria, Ill., returned $50 million to its members last month.
Categories: Credit Union News

New York lawmakers say state must stop enabling predatory loans

Thu, 12/13/2018 - 9:53am
New York legislators are pledging to change laws that have allowed predatory lenders to use the state court system to seize the assets of thousands of small businesses across the country.
Categories: Credit Union News

Cherokee Strip Credit Union converts to CU*BASE

Thu, 12/13/2018 - 8:53am
The Ponca City-based institution becomes the first credit union in Oklahoma to join CU*Answers.
Categories: Credit Union News

Piling on: Democratic lawmakers join chorus of CECL critics

Thu, 12/13/2018 - 7:53am
Brad Sherman of California and Gregory Meeks of New York are worried the proposed accounting standard for recording loan losses will reduce access to credit for small businesses and low- and moderate-income communities.
Categories: Credit Union News

Growth and good works: Credit unions in the community

Wed, 12/12/2018 - 3:52pm
From expanding access to affordable financial services to donations and actions to support health and fight cancer, here's a look at how credit unions around the country are giving back this holiday season.
Categories: Credit Union News

CULedger joins R3 blockchain ecosystem

Wed, 12/12/2018 - 12:51pm
The credit union consortium will now be part of a global network comprised of more than 200 financial services firms, tech companies and more.
Categories: Credit Union News

For second time ever, Erie FCU to pay patronage bonus

Wed, 12/12/2018 - 10:51am
Pennsylvania-based institution will give back $600,000 to members next month.
Categories: Credit Union News

‘I am very excited to be here’: Kraninger signals new tone atop CFPB

Wed, 12/12/2018 - 9:51am
The newly sworn-in director’s first public remarks seemed to contrast with the approach of her predecessor, Mick Mulvaney, who at times questioned the role of the agency.
Categories: Credit Union News

It's official: White House taps Calabria as head of FHFA

Wed, 12/12/2018 - 9:51am
The White House confirmed that it plans to nominate Mark Calabria as the next director of the Federal Housing Finance Agency.
Categories: Credit Union News

Hiway, Allegacy credit unions hike minimum wages

Wed, 12/12/2018 - 8:51am
The institutions are boosting pay at a time when the national unemployment rate has fallen to its lowest level in decades.
Categories: Credit Union News

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