Aaron Passman is editor of Credit Union Journal, the nation’s leading credit union news resource. He was appointed editor in 2018 after two years as an assistant editor at CUJ and nearly five years as a reporter there. He has worked as a staff writer or freelancer for a variety of publications across the country and is a graduate of the University of Kansas.
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Credit unions across the country open their doors to non-members to cast ballots on Election Day, and while most arent expecting any trouble during this tense election season, it can create both challenges and opportunities for participating CUs.
November 7 -
Among the troubles for Rush Credit Union are missing money, mysterious deeds to foreign properties and a car raffle that may have been rigged.
November 3 -
Even if the court does dismiss the suit, the banking trades are widely believed to be prepping another lawsuit against the regulator, this time attacking the recently approved updates to NCUAs field of membership rule.
November 2 -
The regulators settlement with Nomura is tied to the failures of two corporate credit unions, though Nomura did not admit fault as part of its settlement.
November 2 -
Thirty CUs have agreed to pay late fines to the Treasury totaling more than $20,000.
October 24 -
The World Council of Credit Unions has launched a social media app aimed at bringing together the global credit union community, but questions remain about whether or not it will catch on.
October 20 -
CUNA Mutual Group Chief Economist Steve Rick said in the firms annual online Discovery Conference that most credit union growth metrics should continue to improve in 2017, though membership growth may begin to slow down.
October 18 -
An online loan-decisioning and funding app for credit unions is the winning idea in this years KnockOut innovation competition from PSCU, a 24-hour hackathon that aims to find new technology solutions for credit unions.
October 18 -
Full $6 billion borrowing line will remain open, but CUs shouldnt expect refunds of assessments anytime soon.
October 18 -
A nationwide payday lending rule would add to credit unions' regulatory burden and could increase costs -- a move which would ultimately lead to increase costs for consumers, NASCUS told CFPB.
October 14