President Donald J. Trump designated Acting National Credit Union Administration Board Chairman J. Mark McWatters as the tenth Chairman of the NCUA Board, effective June 23. “I thank President Trump for this honor and the trust he has placed in me,”...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
Making Financial Services Frictionless: ACUC Onsite
Mark Sievewright presenting "Becoming Digital: The Path to Frictionless Financial Services" at CUNA's ACUC in Las Vegas. LAS VEGAS – Early in his session at CUNA’s America’s Credit Union Conference Monday, Mark Sievewright read a group text...
Credit Union Goes to Video to Connect With Members
Hackensack, N.J. based Vidyo, announced the $2.6 billion Vernon Hills, Ill. Baxter Credit Union is deploying its cloud-based video collaboration technology to connect members with several video-only branches in 2017. BCU plans to use video to remotely link members,...
Lawmaker Fears Unfair Fintech Biz Lending Practices
A Democratic member of the House Financial Services Committee is asking five fintech companies for detailed information about their services to small businesses, disclosures and services to minority-owned firms. In asking for the information, Rep. Emanuel Cleaver...
CEO of Colorado’s Largest CU to Retire, Successor Named
Colorado’s largest credit union by assets, the $4.8 billion Ent Credit Union, said Monday its President/CEO Randy Bernstein will retire in October. His successor will be Chad Graves, the cooperative’s current senior executive vice president of operations...
Taxi Loans Lead to LOMTO Conservatorship
The NCUA has taken control of a New York credit union that lost millions as taxi investments lost value with competition from Uber and other ride-sharing apps. NCUA said on Monday it conserved LOMTO Federal Credit Union in Queens ($256.1 million in assets, 2,910...