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During its monthly meeting, the National Credit Union Administration board also approved a proposal to increase CU access to non-member deposits, a move bankers are already railing against.
May 23
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Chris Lorence, a former marketing official at the Independent Community Bankers of America, is the Credit Union National Association's latest recruit from other financial services trade groups in recent years.
May 22
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Credit unions on the Corda blockchain platform will be able to make payments via EFT with CU Pay, a product the CUSO plans to roll out next year.
May 21
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Both Democrats and Republicans devoted considerable time at a House Financial Services Committee hearing last week to lamenting how the accounting standard will hurt small lenders.
May 20
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Credit Union Trust, a new credit union service organization, has obtained a bank charter that it will use in offering trust and investment-related services.
May 20
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The credit union regulator’s proposal to raise the appraisal threshold for nonresidential real estate loans won’t harm the economy or consumers, contrary to critics’ claims.
May 20
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The Defense Credit Union Council and the Association of Military Banks of America sent dueling letters to Congress about whether banks should pay for space on military installations.
May 15
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On Dec. 31, 2018. Dollars in thousands.
May 13 -
New legislation in Iowa that allows banks and credit unions to use electronic notaries could help local lenders compete with online competitors.
May 13
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On Dec. 31, 2018. Dollars in thousands.
May 13 -
On Dec. 31, 2018. Dollars in thousands.
May 13 -
The credit union regulator’s proposal to raise the threshold for commercial appraisals to $1 million could introduce more risk into the financial system, particularly if bank regulators follow suit.
May 9
Appraisal Institute -
Consolidation activity was ho-hum for most of April before a burst of transactions — and notable ones at that — were announced in the month's final week.
May 8
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The collaboration will include establishing an i3 presence at CU Direct's Irvine, Calif., campus.
May 7
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On Dec. 31, 2018. Dollars in thousands.
May 6 -
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On Dec. 31, 2018. Dollars in thousands.
May 6 -
Aging tech systems have become a "pain point" in financial services, and VC firms have backed newcomers trying to push aside traditional vendors and win over banks and credit unions.
May 3
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MidFlorida Credit Union has agreed to buy the $730 million-asset Community Bank & Trust of Florida in Ocala.
May 3
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The National Credit Union Administration and the Small Business Administration have established a program to boost SBA lending by credit unions, which was very light last year. It is sure to irk bankers, who have raised competitive concerns.
May 3
