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ORLANDO, Fla. A member of Partners FCU this week filed suit against the Disney Co. credit union, claiming she was harassed by loan collectors repeatedly calling her cell phone the first of what is expected to be a new litigious rash spreading among credit unions and banks.
October 10 -
NEW YORK The National Federation of Community Development CUs called on NCUA to convert its $18 million community development loan fund which has suffered from almost no demand the past five years to secondary capital for endangered CDCUs and especially minority credit unions.
October 10 -
WASHINGTON Showing that bipartisanship is not impossible in the critically split Congress, a group of Republican and Democratic House members called on the Federal Housing Finance Agency this morning to maintain--not lower--the conforming loan limits for Fannie Mae and Freddie Mac because of the potential harm it would cause the mortgage market.
October 10 -
BIRMINGHAM, Ala.Approximately 48 million uninsured Americans have until early 2014 to sign up for health insurance coverage under Obamacare, and one CU expects that the attention on healthcare will attract new business and tie the cooperative more closely to the community.
October 10 -
EDWARDSVILLE, Ill. Scott CU pledged $25,000 toward Edwardsville District 7 Schools Technology in the 21st Century Classroom Initiative.
October 9 -
DEER PARK, Texas Shell FCU has signed with Insuritas to open a turnkey insurance agency.
October 9 -
LOUISVILLE, Ky. Park Community FCU plans to break ground next week on its new headquarters, a two-story, 43,000-square-foot building.
October 9 -
WICHITA, Kan. Kansas credit unions, including seven in the Wichita area, gave away cash and gift cards yesterday, part of a cash mob staged as part of International Credit Union Month.
October 9 -
WASHINGTON Credit unions are criticizing proposed federal guidelines for social media, saying among other complaints requirements to include disclosures on federal deposit insurance would take up too many of the 140 characters that Twitter limits for tweets.
October 9 -
WASHINGTON Members of the Senate Banking Committee quickly took sides over the nomination of Janet Yellen to head the Federal Reserve Board, even though it is apparent she likely will win confirmation.
October 9 -
WASHINGTON NCUA and bank regulators on Wednesday called on lenders to work with members and customers affected by the federal government shutdown.
October 9 -
ARLINGTON, Va. As interest rates inch up, credit union ROA is dipping along with net interest margin, according to NAFCUs October Economic & CU Monitor.
October 9 -
WASHINGTON CUNA and NAFCU and a broad base of lender groups called on the Federal Housing Finance Agency to retain its conforming loan limits for mortgage sold to Fannie Mae and Freddie Mac, saying lower limits would jeopardize the fragile housing recovery.
October 9 -
ATLANTA Delta Community CU has chosen Digital Insight to provide it with digital banking services for its 285,000 members.
October 8 -
SAN DIEGO Mission FCU has pledged to return $1 million back through its Mission Fed Money Match prizes giveaway, including debit card payments to daily winners.
October 8 -
BOSTON The Massachusetts Division of Banking on Tuesday said it has approved an application from Brocktons Crescent CU, a one-time leather workers credit union, to expand into metro Boston and into Rhode Island, as well.
October 8 -
LAS VEGAS One Nevada Credit Union this morning introduced interest-free emergency loans to furloughed federal civilian employees in the state of Nevada with both members and non-members eligible.
October 8 -
SACRAMENTO, Calif. The California Department of Business Oversight yesterday urged credit unions and banks to be careful of conducting transactions with illegal, unlicensed online payday loan companies, especially their efforts to access member accounts for payments.
October 8 -
WASHINGTON The four largest U.S. banks are holding $57 billion of seriously delinquent loans that they have been slow to move into foreclosure over concerns the Federal Housing Administration, the government mortgage insurer, will refuse to cover the losses and hit them with damages, according to industry sources.
October 8 -
ALEXANDRIA, Va. NCUA on Tuesday said it is making a variety of changes to its examinations process, including a requirement that its examiners follow up with credit unions on all issues raised in a document of resolution (DOR) within 120 days after the exam.
October 8