More than 89 credit union representatives turned out here for the Georgia-South Carolina Management and Volunteers' Institutes. The respective state leagues began hosting the conferences, which are held simultaneously, last year. Among those addressing the meeting were Steve Abercrombie, president of Business Resources Services in Seattle, and Ed Callahan, former NCUA board chair and CEO of Patelco CU in San Francisco. A panel on taxation featured Scott Earl, president of the Utah League of Credit Unions, Patrick Jury, VP of the Iowa Credit Union League, and Pamela Leavitt, VP Governmental Affairs/Public Relations for the Credit Union Association of Oregon. The panelists were introduced by Gary Kohn, VP Legislative Affairs and Senior Legislative Counsel for CUNA. Kohn also spoke to attendees on the taxation issue and of CUNA's involvement.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
10h ago -
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
11h ago -
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
April 25 -
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.
April 25 -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
April 25 -
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.
April 25