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New leadership at Triangle Credit Union

CU Journal - Mon, 01/07/2019 - 9:53am
A. Scott MacKnight is now the president and CEO of Triangle Credit Union after its longtime leader, Maurice Simard, retired.
Categories: Credit Union News

Servicers treating government shutdown like a natural disaster

CU Journal - Fri, 01/04/2019 - 4:45pm
As the government shutdown enters its third week, mortgage servicers are activating the response plans they normally use during hurricanes and wildfires to assist federal workers who may have trouble paying their mortgages.
Categories: Credit Union News

Care for those at home and abroad: Credit unions in the community

CU Journal - Fri, 01/04/2019 - 3:45pm
From care packages for service members to aid for the homeless and more, here's another look at how credit unions are giving back.
Categories: Credit Union News

Michigan credit union membership up 3%

CU Journal - Fri, 01/04/2019 - 1:45pm
Third-quarter results from the Michigan Credit Union League show hundreds of members are joining CUs in the Great Lakes State each day.
Categories: Credit Union News

Challenges mount for mortgage lenders as shutdown persists

CU Journal - Fri, 01/04/2019 - 1:45pm
Borrowers and financial institutions may be feeling the strain from reduced operations at the FHA and IRS, which has suspended the release of certain income documentation during the budget impasse.
Categories: Credit Union News

Small Maryland CU hunting for new leadership as CEO heads for Texas

CU Journal - Fri, 01/04/2019 - 11:45am
Less than three years after taking the helm at Baltimore Washington Federal Credit Union, Lester Warby is set to take over at STAR Credit Union in Corpus Christi.
Categories: Credit Union News

Fed's Powell says he will not resign if asked by Trump

CU Journal - Fri, 01/04/2019 - 11:45am
The central bank chairman said Friday that he would not step down if asked to do so by the president, adding that he has not received any direct communications from the White House about the agency’s interest rate policy.
Categories: Credit Union News

Two new Republicans added to Senate Banking Committee

CU Journal - Fri, 01/04/2019 - 11:45am
Sens. Kevin Cramer, R-N.D., and Martha McSally, R-Ariz., will fill the two GOP vacancies in the new Congress.
Categories: Credit Union News

Guardian Credit Union returns more than $587,000 to members

CU Journal - Fri, 01/04/2019 - 9:44am
The Montgomery, Ala.-based institution has paid out more than $4.8 million to members over the last eight years.
Categories: Credit Union News

PenFed's latest expansion move sets off another banker battle

CU Journal - Fri, 01/04/2019 - 7:44am
An “emergency merger” with troubled Progressive Credit Union gives PenFed – already the nation’s third-largest credit union – the ability to welcome any potential member nationwide.
Categories: Credit Union News

Appeals court dismisses ADA website suit against credit union

CU Journal - Thu, 01/03/2019 - 3:42pm
Industry trade groups, which have been active in fighting lawsuits that allege violations of the Americans with Disabilities Act, haled the decision.
Categories: Credit Union News

First Financial of Maryland gives back $2 million

CU Journal - Thu, 01/03/2019 - 2:42pm
The credit union rewarded members based on the CU's performance last year and the depth of their relationship with the institution.
Categories: Credit Union News

Regulators urged to hold hearing on proposed appraisal relief

CU Journal - Thu, 01/03/2019 - 11:41am
The agencies are weighing a plan to reduce the scope of residential real estate transactions requiring an appraisal, but appraisers have warned that the proposal could have consequences.
Categories: Credit Union News

PSECU pays out record reward to members

CU Journal - Thu, 01/03/2019 - 11:41am
Pennsylvania State Employees Credit Union returned $22 million to its members.
Categories: Credit Union News

New year, new jobs for credit union executives

CU Journal - Thu, 01/03/2019 - 10:41am
A number of employees are tackling different challenges with recent promotions and career moves.
Categories: Credit Union News

New CFPB chief’s memo to staff: Enforce law, but don’t presume guilt

CU Journal - Thu, 01/03/2019 - 10:41am
In her New Year’s message, CFPB Director Kathy Kraninger called on the agency to ensure that consumers are treated fairly and that “the marketplace is innovating.”
Categories: Credit Union News

CFPB gets an earful from credit union trade groups

CU Journal - Thu, 01/03/2019 - 8:41am
Both CUNA and NAFCU have responded to the bureau's request for input by raising concerns about cybersecurity, public complaints and more.
Categories: Credit Union News

After a decade of declines, could credit union failures pick up in 2019?

CU Journal - Thu, 01/03/2019 - 7:41am
Despite strong performance in the industry overall, analysts expect regulators to shutter more institutions in the years ahead.
Categories: Credit Union News

PortAlliance FCU merges into fellow Va. institution

CU Journal - Wed, 01/02/2019 - 2:38pm
Chartway Federal Credit Union now has roughly $2.2 billion in assets and more than 190,000 members.
Categories: Credit Union News

Richland FCU kicks off the new year with $250K dividend

CU Journal - Wed, 01/02/2019 - 1:38pm
The Sidney, Mont.-based institution distributed the payments earlier this week.
Categories: Credit Union News

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