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Federation launches Hispanic outreach website

CU Journal - Fri, 03/16/2018 - 9:02am
Juntosavanzamos.org is designed to help consumers locate credit unions that participate in the rapidly growing Juntos Avanzamos program.
Categories: Credit Union News

How new and veteran leaders are making their mark on the movement

CU Journal - Thu, 03/15/2018 - 4:59pm
A Maryland CEO earns accolades for his leadership, an up-and-comer wins a seat at the table, plus new hires and promotions.
Categories: Credit Union News

Think reg relief was hard to pass in Senate? Wait for House

CU Journal - Thu, 03/15/2018 - 3:59pm
A day after the Senate passed regulatory relief, top House Republicans vowed to have a big say in the final version before the bill heads to the White House. That raised fresh questions about how quickly the Dodd-Frank reforms will become law.
Categories: Credit Union News

Despite recent victories, credit unions' ADA battle is far from over

CU Journal - Thu, 03/15/2018 - 2:59pm
Experts say that despite having a few suits thrown out, the matter won't be settled until the Department of Justice provides clarity. But there are steps CUs can take to protect themselves until them.
Categories: Credit Union News

NCUA requesting comment on FCU bylaws, debarment procedures

CU Journal - Thu, 03/15/2018 - 11:59am
The National Credit Union Administration board approved two minor regulatory measures during its monthly open board meeting.
Categories: Credit Union News

Tiny Beverly Bus Garage Federal Credit Union placed into conservatorship

CU Journal - Thu, 03/15/2018 - 9:58am
The National Credit Union Administration cited ‘unsafe, unsound practices’ that led to the move to conserve $4 million-asset institution.
Categories: Credit Union News

Lee Butke announces planned retirement from Corporate One FCU

CU Journal - Thu, 03/15/2018 - 8:58am
Butke has been in credit unions for 40 years, the past 25 building Ohio-based corporate.
Categories: Credit Union News

5 questions as reg relief moves closer to becoming law

CU Journal - Wed, 03/14/2018 - 4:55pm
With the Senate finishing its work on a regulatory relief package, a showdown in the House still looms while critics of Dodd-Frank weigh whether this is their last shot at unwinding it.
Categories: Credit Union News

Judge signals skepticism of credit union expansion

CU Journal - Wed, 03/14/2018 - 3:55pm
The National Credit Union Administration’s defense of changes to a field-of-membership rule was challenged by a federal judge on Wednesday, suggesting an American Bankers Association lawsuit against the revisions may be successful.
Categories: Credit Union News

10 mortgage reforms in the Senate reg relief bill

CU Journal - Wed, 03/14/2018 - 3:55pm
From HMDA and TRID to restoring the Protecting Tenants at Foreclosure Act, here's a look at 10 mortgage and housing provisions in the Senate's regulatory reform bill.
Categories: Credit Union News

Warren introduces bill to end ‘too big to jail’

CU Journal - Wed, 03/14/2018 - 1:54pm
Sen. Elizabeth Warren, D-Mass., introduced a bill to create a permanent law enforcement unit to investigate criminal activity at large banks, just as the Senate was close to passing a regulatory relief package.
Categories: Credit Union News

Charter creep concerns resurface in Freddie's new risk-sharing pilot

CU Journal - Wed, 03/14/2018 - 1:54pm
Freddie Mac and Arch Capital are testing a new form of risk-sharing deal to boost investor appetite for low down payment mortgages. But the pilot is raising concerns about "charter creep" because it dictates private mortgage insurance decisions typically made by lenders.
Categories: Credit Union News

Ginnie Mae venture with Chicago FHLB crosses mortgage milestone

CU Journal - Wed, 03/14/2018 - 12:54pm
A mortgage program created by a 2015 partnership between the Federal Home Loan Bank of Chicago and Ginnie Mae has securitized over $1 billion in government-backed mortgages, the partnership announced.
Categories: Credit Union News

Lakelands Federal Credit Union to merge with Peach State FCU

CU Journal - Wed, 03/14/2018 - 11:54am
The deal has already been approved by NCUA and will take effect next month.
Categories: Credit Union News

Should credit unions and banks stop serving gun dealers?

CU Journal - Wed, 03/14/2018 - 11:54am
In the wake of the Parkland, Fla. school shooting, a New York Times columnist has suggested the financial industry stop doing business with gun dealers. Here's what the leaders of five financial institutions – including one with a personal connection to Marjory Stoneman Douglas High School – had to say about the proposal.
Categories: Credit Union News

Greg Smith announces 2019 retirement from PSECU

CU Journal - Wed, 03/14/2018 - 10:54am
The president has overseen billions of dollars in growth at the credit union since 1991.
Categories: Credit Union News

Kitsap Credit Union CEO announces Jan. 2019 retirement

CU Journal - Wed, 03/14/2018 - 9:54am
Elliot Gregg will retire early next year after nealry two decades with the Bremerton, Wash.-based credit union. Executive recruitment firm DDJ Myers has been tapped to lead the search for his successor.
Categories: Credit Union News

9 controversial provisions in Dodd-Frank reform bill

CU Journal - Tue, 03/13/2018 - 9:53pm
Though the Senate regulatory relief bill falls well short of a far-reaching House bill, critics argue it could still increase the chance of another bank bailout by the government and weaken consumer protections. Here are the measures causing the most debate.
Categories: Credit Union News

New chairmen, new executives taking the reins at credit unions

CU Journal - Tue, 03/13/2018 - 4:52pm
New hires and appointments help bring in new blood, while internal promotions help develop and retain existing talent.
Categories: Credit Union News

Indiana credit union set to buy Louisville bank

CU Journal - Tue, 03/13/2018 - 3:52pm
The deal – expected to close later this year – will be the third credit union acquisition of a bank so far in 2018.
Categories: Credit Union News

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