Joseph Brancucci, vice president of lending and chief lending officer, Boeing Employees Credit Union, Tukwila, Wash., has been named chair of the CUNA Lending Council. Also elected to the executive committee were Marcella Wevley, director of retail lending and development for USA FCU, San Diego, and Allan Stevens, VP with Franklin Mint FCU, Broomall, Penn. Other members of the committee include Chris Oldag, SVP of lending, Patelco Credit Union, San Francisco, as vice chair; Phillip Greer, SVP of loan administration for State Employees Credit Union, Raleigh, N.C., as secretary-treasurer; Herb Behrens, director of mortgage lending, Baxter CU, Vernon Hills, Ill.; Sharon Gaugler, VP-lending, Austin Area Teachers FCU, Texas, and Linda Winkfein, VP-lending services with the Texas league.
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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
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Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
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The Senate passed President Trump's tax and spending bill Tuesday, but questions around Consumer Financial Protection Bureau funding, 1071 delay and remittance taxes remain as GOP leaders scramble to pass the bill out of the House before Trump's July 4 deadline.
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