Terry West, president/CEO of Vystar CU, at left, received the distinguished service award from Patrick LaPine, president /CEO of the League of Southeastern Credit Union. Terry R. West, who plans to retire a president/CEO of the VyStar Credit Union in August, received...
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?
NCUA Board Seeks Comment to Simplify OTR Methodology
The NCUA board on Friday agreed to solicit comment on changes to the methodology used to calculate the Overhead Transfer Rate—an issue that often has divided the credit union community. In publishing the changes, the board proposes to simplify the methodology...
How to Stop Worrying & Learn to Love Technology
Financial professionals and advisors continue to adopt technology to grow their firms, according to a report released Tuesday by Fidelity. The report found that not only are more advisors adopting technology, those who do are outperforming their peers. The survey...
Houston CUSO Expands to Mortgage Originations
A Houston CUSO has expanded its services to originate mortgages for credit union customers. The new service by eCU Mortgage is designed to streamline the mortgage process and deliver more revenue to credit unions when loans are sold on the secondary market. The CUSO...
Trade Groups Want to Convert CFPB Into a Commission
Some 22 trade groups—including CUNA and NAFCU—are asking congressional appropriators to convert the CFPB into a five-member bipartisan commission whose nominees are confirmed by the Senate. “A Senate confirmed, bipartisan commission will provide a...
NCUA Conserves Riverdale CU in Alabama
The NCUA conserved the $76.1 million Riverdale Credit Union in Selma, Ala. Thursday for unspecified safety and soundness issues, according to the federal agencies prepared statement. Though Riverdale posted a net worth of 12.58% at the end of the first quarter, its...