CUNA Mutual Group presented its 2004 Excellence In Lending Awards at the CUNA Lending Council annual meeting. Mortgage lending winners were Westerly Community CU, Westerly, R.I., less than $250 million in assets and Redwood CU, Santa Rosa, Calif., more than $250 million in assets. Consumer lending winners were Midwest United CU, Blue Springs, Mo., less than $250 million in assets and Mission FCU, San Diego, more than $250 million in assets. Pictured are: front row from left, Judy Tharp, CUNA Mutual Group, judge; Sherry Carr, and Anna Mendez of Mission FCU; Jeanne Abate, Westerly Community CU; and Douglas Dunbar, Redwood CU. Back row, from left, Pat Oakley, Midwest United CU; Jeff Chrisman, Midwest United CU; Linda Winkfein, Texas CU League, judge; Joseph Brancucci, BECU, judge; and Michael Conway, Redwood CU.
-
Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
2h ago -
Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
11h ago -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
September 17 -
Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
September 17 -
St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
September 17 -
The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
September 17