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LAS VEGAS One Nevada CU and two credit union technology firms will introduce a new mobile payments system specifically geared for credit unions Monday, called CU Wallet.
September 20 -
OGDEN, Utah NCUA reported today it has approved the merger of Goldenwest CU with USU Charter CU, creating the 209th credit union over $1 billion in assets.
September 20 -
WASHINGTON Mortgage rates declined this week, after a long-term rise, as signs of a weakening economic recovery emerged, according to Freddie Mac.
September 19 -
EUGENE, Ore. Oregon Community CU has installed CO-Financial Services and Diebolds NextGen ATMs which the companies said combine the functionality of a deposit-taking ATM and a shared branch at its new Salem branch.
September 19 -
RICHMOND, Va. The Virginia CU League stepped into the high-profile governors race and endorsed Democrat Terry McAuliffe.
September 19 -
BOULDER, Colo. Elevations CU has committed $100,000 to house flood victims and has presented a $100,000 challenge grant to the community and the credit unions membership.
September 19 -
WASHINGTON The Federal Reserve and merchants challenging the Feds Durbin amendment caps on swipe fees asked the D.C. Circuit Court of Appeals to expedite the Feds appeal of a lower court ruling invalidating the cap as too high.
September 19 -
TUKWILA, Wash. BECU on Thursday said it also welcomes NCUAs proposal to conduct stress testing on the largest credit unions, adding it has been conducting its own stress tests for years to determine the proper level of capital adequacy.
September 19 -
HONOLULU The Queens FCU was awarded a $659,000 grant from the Treasury Departments Community Development Financial Institutions Program, one of three Native American credit unions to win CDFI grants yesterday.
September 19 -
NORWALK, Conn. Credit unions are calling on the Financial Accounting Standards Board to exclude them from the definition of a public business entity under new accounting classifications potentially exempting them from new rules by FASB or other regulatory entities.
September 19 -
CHICAGO--Self-Help FCU, the California community development credit union which acquired Second Federal Savings & Loan in 2012, is officially reopening the failed southwest side thrift in conjunction with the citys the Resurrection Project, as Second FCU
September 19 -
WESTBY, Wis. Westby Co-Op CU announced plans for an unusual deal this morning in which it will acquire the deposits and loans at Citizens Community Bancorps Wisconsin Dells Walmart branch, part of the banks plans to close three Walmart branches.
September 19 -
NEENAH, Wis. Lakeview CU drove business to a Menasha bar and grill Tuesday night by giving away money, as part of a new marketing campaign.
September 18 -
PASCAGOULA, Miss. Navigator CU, the states second-largest credit union, announced the resignation yesterday of longtime President Laurin Avara earlier this week.
September 18 -
HARRISBURG, Penn. Patrick Conway has been named the new president and CEO of the Pennsylvania Credit Union Association.
September 18 -
LAKE BLUFF, Ill. Even though credit union and bank balance sheets have improved since the financial crisis, loan growth has mostly stalled or has fallen at small credit unions and community banks, according to a new study from Moebs $ervices.
September 18 -
SAN FRANCISCO NCUA has filed an appeal with the Ninth Circuit U.S. Court of Appeals to reinstate claims against Wachovia Capital (now a unit of Wells Fargo & Co.) and Nomura Asset Acceptance Corp.
September 18 -
WASHINGTON As they lobby Congress for repeal of the credit union tax exemption, the bankers, predictably, have a different estimate of how much revenue a tax on credit unions would raise one of the keys being looked at by lawmakers as they weigh proposals for tax reform.
September 18 -
RALEIGH, N.C. State Employees CU, one of four $10 billion-plus credit unions that would be stress-tested under a proposal being discussed by NCUA, is all in favor of the tests now undergone by big banks and insists the results should be made public, as they are for the banks.
September 18 -
SAN FRANCISCO NCUA filed an appeal yesterday with the Ninth Circuit U.S. Court of Appeals to reinstate claims against Wachovia Capital (now a unit of Wells Fargo & Co.) and Nomura Asset Acceptance Corp., which both originated subprime loans packaged into mortgage-backed securities that figured into the 2009 failure of WesCorp FCU.
September 18