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NCUA data shows key growth metrics continued downward trend in Q4 2017

CU Journal - Thu, 03/22/2018 - 4:04pm
While some key indicators dropped in the year ending Dec. 31, 2017, credit unions in many states continue to thrive, with several new states jumping to the head of the pack for various growth measurements.
Categories: Credit Union News

Truliant FCU to boost minimum wage to $15

CU Journal - Thu, 03/22/2018 - 3:04pm
The North Carolina-based credit union is the latest to increase starting wages as part of the nationwide push to ensure all workers are paid a living wage.
Categories: Credit Union News

CFPB to review rulemaking authority inherited from other agencies

CU Journal - Thu, 03/22/2018 - 3:04pm
The information collection effort is consistent with acting CFPB Director Mick Mulvaney's efforts to set the agency on a more pro-industry, anti-enforcement course.
Categories: Credit Union News

CU exec earns national leadership accolades

CU Journal - Thu, 03/22/2018 - 1:04pm
MSUFCU boasts top female executive, SECU of Maryland names community market leaders and more new hires, promotions and awards.
Categories: Credit Union News

CUs helping Missouri legislature craft tighter payday loan rules

CU Journal - Thu, 03/22/2018 - 12:04pm
A bill before Missouri's House of Representatives has several provisions that would put more regulations on payday lenders without harming CUs offering similar, safer products.
Categories: Credit Union News

LGE Community CU to acquire Georgia Heritage Bank

CU Journal - Thu, 03/22/2018 - 10:04am
This deal marks the fourth time already this year that a credit union has purchased a bank.
Categories: Credit Union News

CUNA, Southeastern league file amicus brief in ADA suit in Alabama

CU Journal - Wed, 03/21/2018 - 5:01pm
The credit union trades are standing behind The Infirmary Federal Credit Union in its motion to dismiss.
Categories: Credit Union News

Texas-based Germania CU seeking new leadership as CEO retires

CU Journal - Wed, 03/21/2018 - 5:01pm
The $10.6 million-asset credit union has selected Credit Union Resources, Inc. to conduct a search for CEO Cecil Barker's replacement.
Categories: Credit Union News

Open development CUSO receives $500K corporate CU investment

CU Journal - Wed, 03/21/2018 - 4:01pm
Constellation Digital Partners, LLC, has raised $26 million in the last 10 months.
Categories: Credit Union News

House GOP wants small-dollar loan bill pinned to reg relief

CU Journal - Wed, 03/21/2018 - 4:01pm
Just as promised, Republican lawmakers went to work Wednesday considering regulatory reform ideas that would go further than the Senate's tweaks of the Dodd-Frank Act.
Categories: Credit Union News

How the other side lives (and works): Perks for today’s bank CEOs

CU Journal - Wed, 03/21/2018 - 3:01pm
Some top bank executives — at big and regional institutions alike — enjoy premium perks, including personal travel on corporate aircraft and minimal wait times for fancy medical exams. Here’s an overview of the special items disclosed to investors so far this year.
Categories: Credit Union News

Critics of FHLB membership rule aren’t thrilled with prospect of repeal

CU Journal - Wed, 03/21/2018 - 2:01pm
A bill to allow captive insurance companies to be reinstated as members of the Federal Home Loan Bank System appears to be dividing the FHLB community.
Categories: Credit Union News

CFPB handled over 84K debt collection complaints last year: Report

CU Journal - Wed, 03/21/2018 - 2:01pm
In the joint report with the Federal Trade Commission on debt collection practices, the CFPB said it had initiated four enforcement actions last year, had resolved one case and has five others pending.
Categories: Credit Union News

As interest rates climb, how should credit unions respond and strategize?

CU Journal - Wed, 03/21/2018 - 12:00pm
The Fed is expected to raise rates not only at Wednesday's meeting but also at the next few meetings. Here's what credit unions need to know.
Categories: Credit Union News

CUNA Mutual AdvantEdge Analytics teams up with Microsoft

CU Journal - Wed, 03/21/2018 - 12:00pm
The CUSO hopes to create an industry-leading data platform that helps credit unions compete with fintechs and banks.
Categories: Credit Union News

Will court ruling on robo-calling help or hurt consumers?

CU Journal - Wed, 03/21/2018 - 12:00pm
FIs say that an appeals court’s decision to ease restrictions will allow them to warn customers more easily when loans are past due or accounts have been compromised. But consumer groups argue that the decision gives financial firms license to market their products more aggressively and could lead to more harassing phone calls over unpaid debts.
Categories: Credit Union News

Not just middle management: branch leadership in the spotlight

CU Journal - Tue, 03/20/2018 - 3:58pm
One credit union shakes up its mangement team with a bevy of new promotions, including five new branch managers, and more new hires, promotions and other personnel news.
Categories: Credit Union News

A CFPB commission will never fly

CU Journal - Tue, 03/20/2018 - 3:58pm
Critics of the Consumer Financial Protection Bureau have long sought to convert its leadership structure from a single director to a five-member commission. Here’s why the idea is dead on arrival.
Categories: Credit Union News

AllCom CU enters FHLB's Equity Builder program for mortgage assistance

CU Journal - Tue, 03/20/2018 - 3:58pm
The Worcester, Mass.-based credit union was selected to participate in the Federal Home Loan Bank of Boston's Equity Builder program, and can receive up to $110,000 this year to help homeowners with down payments, closing costs and more.
Categories: Credit Union News

As lenders embrace digital mortgages, they can't forget human touch

CU Journal - Tue, 03/20/2018 - 3:58pm
While the industry continues adopting digital mortgage methods, homebuyers expect to be able to apply for a mortgage and complete the application online, but still want human interaction, according to Ellie Mae.
Categories: Credit Union News

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