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Sheilah Montgomery to receive AACUC's top honor

CU Journal - Tue, 06/19/2018 - 4:41pm
The retired CEO of 1st Choice Credit Union and CU of Atlanta has been named the 2018 recipient of the Pete Crear Lifetime Achievement Award from the African-American Credit Union Coalition.
Categories: Credit Union News

Staatz to retire from SECU of Maryland later this year

CU Journal - Tue, 06/19/2018 - 3:41pm
The veteran CEO will turn the reins of the $3.5 billion credit union to Dave Sweiderk, executive vice president and COO of OneAZ Credit Union in Phoenix
Categories: Credit Union News

Trio of New England credit unions sign with PSCU

CU Journal - Tue, 06/19/2018 - 3:41pm
The three credit unions range from $83 million to $1.2 billion in assets and will utilize services such as credit processing, contact center support and more.
Categories: Credit Union News

Bold agenda for new FDIC chief: ILC decisions, pot banking and more

CU Journal - Tue, 06/19/2018 - 3:41pm
In her first speech as chairman, Jelena McWilliams signaled a focus on reviewing old policies, speeding up decisions on new bank applications and helping banks navigate marijuana laws.
Categories: Credit Union News

Amid battle with bankers, NCUA doubles down on FOM reform

CU Journal - Tue, 06/19/2018 - 3:41pm
The National Credit Union Administration is set to vote on revisions to its field-of-membership rule, even as it's entangled in a legal dispute with the American Bankers Association over the rule.
Categories: Credit Union News

Dems suggest CFPB nominee had role in ‘zero-tolerance’ border policy

CU Journal - Tue, 06/19/2018 - 10:40am
Sens. Elizabeth Warren and Sherrod Brown sought details on whether an OMB official was involved in the policy of separating children from their parents.
Categories: Credit Union News

Northern Illinois credit unions set for merger

CU Journal - Tue, 06/19/2018 - 9:40am
Cornerstone Credit Union will acquire tiny Milledgeville Community Credit Union in a merger set to take effect later this summer.
Categories: Credit Union News

In Rodney Hood, Trump nominates a familiar face for NCUA board seat

CU Journal - Mon, 06/18/2018 - 4:36pm
Rodney Hood served on the NCUA board from 2005 to 2009, and his nomination to return to the board was greeted warmly across the industry.
Categories: Credit Union News

Lending a helping hand: Credit unions in the community

CU Journal - Mon, 06/18/2018 - 3:36pm
From donations to community organizations to making a difference in the lives of those going through troubled times, here's another look at how credit unions are giving back.
Categories: Credit Union News

Overhauling 'dark ages' FHA a must for housing reform, HUD says

CU Journal - Mon, 06/18/2018 - 3:36pm
Risk management and technology systems at the Federal Housing Administration lag decades behind Fannie Mae and Freddie Mac and desperately need to be revamped, according to a top official at HUD.
Categories: Credit Union News

Pelosi, Brown criticize Trump's pick to lead CFPB

CU Journal - Mon, 06/18/2018 - 1:35pm
The Democratic leader in the House raised questions about Kathy Kraninger's "qualifications to lead such an important agency."
Categories: Credit Union News

CUNA unveils changes to advocacy, communications teams

CU Journal - Mon, 06/18/2018 - 10:33am
The Credit Union National Association elevated three longtime employees to more senior titles and duties.
Categories: Credit Union News

Trump's CFPB choice faces uphill battle — and that's part of the plan

CU Journal - Mon, 06/18/2018 - 9:33am
President Trump has yet to formally name Kathy Kraninger as his choice to head the Consumer Financial Protection Bureau, but her nomination is already in trouble. That may be just fine with the White House.
Categories: Credit Union News

White House aide Kraninger is Trump's choice to lead CFPB

CU Journal - Mon, 06/18/2018 - 8:33am
President Donald Trump has chosen Kathy Kraninger, a little-known White House budget aide, as director of the Consumer Financial Protection Bureau, an administration official said.
Categories: Credit Union News

Another class-action suit against credit unions is brewing

CU Journal - Mon, 06/18/2018 - 7:33am
As if ADA suits weren't enough, a California-based law firm is using social media advertising to search for credit union members who have been charged overdraft fees, in the hopes of filing a potential class-action suit.
Categories: Credit Union News

Trump said to favor little-known OMB official as next CFPB chief

CU Journal - Fri, 06/15/2018 - 5:06pm
Kathy Kraninger, an obscure official at the Office of Management and Budget, is President Trump's leading candidate to become director of CFPB, according to sources.
Categories: Credit Union News

Governor's CU selfie: Credit unions in the community

CU Journal - Fri, 06/15/2018 - 4:05pm
From special visitors at the branch to donations that make a major impact, here's how credit unions are giving back and making a difference.
Categories: Credit Union News

CFPB leadership decision, fintech's future: Five events to watch next week

CU Journal - Fri, 06/15/2018 - 4:05pm
From a major CFPB deadline to a long-anticipated fintech report, there's a lot to watch for in the days to come.
Categories: Credit Union News

Is GSE capital proposal an academic exercise — or a whole lot more?

CU Journal - Fri, 06/15/2018 - 4:05pm
No plan will be implemented as long as Fannie Mae and Freddie Mac remain in conservatorship, but a capital framework for the companies could still have a substantive impact.
Categories: Credit Union News

What's growing, what's not: NCUA maps out state-level Q1 2018 results

CU Journal - Fri, 06/15/2018 - 3:05pm
The National Credit Union Administration's quarterly map of state-level performance data sees a continuation of many long-running trends, but a handful of states can be thankful they're no longer at the bottom of the pack for certain performance metrics.
Categories: Credit Union News

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