JoAnne Fillwock, president and CEO at Financial Health Credit Union, East Lansing, Mich., was presented with the Distinguished Service Award by the Michigan league and inducted into the Michigan Credit Union Hall of Fame. NASCUS President and CEO Mary Martha Fortney attended the event as part of the honor for Fillwock, who is vice chairman of NASCUS' Credit Union Council. "JoAnne's unswerving dedication to the credit union community and her gifted talent make her so deserving of this award," said Fortney." JoAnne worked very hard on the Michigan Credit Union Modernization Task Force and was instrumental in shaping the modernization of the Michigan Credit Union Act-a model for state credit union legislation-and has given years of valuable service to the NASCUS Credit Union Council Board."
-
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
3h ago -
The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
3h ago -
At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
3h ago -
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
4h ago -
The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
6h ago -
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
7h ago