The Credit Union Executives Society (CUES) inducted four people into its Hall of Fame during a special ceremony at its CEO Network here. Inducted were: Wayne Bunker, CEO of Provident Central CU, Redwood City, Calif., who was recognized for his career accomplishments and numerous volunteer roles; Pete Crear, EVP/COO with CUNA, who was inducted for a career that dates to 1965, including leading several leagues and league subsidiaries, a variety of volunteer positions, and helping to organize 23 CUs; Dennis Dollar, chairman of the NCUA, who while president of Gulfport VA FCU in Mississippi won several awards, and has also been active in a variety of civic organizations; and Stan Hollen, president of Liberty Enterprises, Mounds View, Minn., who was recognized for his leadership at Liberty, the company's support of the National CU Foundation, and his CU career, including nearly 20 years as president/CEO of The Golden 1 Credit Union, Sacramento, Calif.
-
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
33m ago -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
46m ago -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
2h ago -
The state's comptroller of public accounts is one of several notable non-depositories with access to the Fed's payments system, along with the Chicago Mercantile Exchange and the Tennessee Valley Authority. So why do they have accounts while some neobanks don't?
2h ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
2h ago -
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
5h ago