Acquisition The $413 million Superior Choice Credit Union in Superior, Wis., said it signed an agreement to buy the $79.1 million Dairyland State Bank in Bruce, Wis. The deal is expected to close in the third or fourth quarter of this year pending regulatory...
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?
GAC 2018: Legislative, Regulatory Waters Remain Muddied
The U.S. Capitol Building Last year, thousands of credit union officials flocked CUNA’s Governmental Affairs Conference. With a new administration and a new Congress, they had many questions about nominees, regulatory moves and regulatory overhaul legislation. A...
First-Time Homebuyers Make Biggest Share of Deals in 17 Years
“Open House” Photographer: Ty Wright/Bloomberg Millennials are playing homeownership catch-up. First-time buyers rushed into the market last year, making 38% of all single-family home purchases, the biggest share since 2000, data released...
FIs Hear Mobile Threat Drumbeat but Overlook Them: Verizon
Verizon’s Mobile Security Index, found many organizations – including those in the financial services such as credit unions and banks – overlook basic mobile cybersecurity principles, leaving themselves and customers vulnerable to attacks....
PAL Program Can’t Replace Payday Lenders: Pew
The highly touted NCUA Payday Lending Alternative model is not an effective replacement for storefront short-term lenders that charge customers exorbitant interest rates, Nick Bourke, director of The Pew Charitable Trusts’ consumer finance project said Monday....
CFPB Wants to Know How Well It Engages With Public, Stakeholders
The CFPB is asking for public comments on how well it engages with the public and stakeholders, including the activities of its Credit Union Advisory Council. The request for information in assessing its public and non-public is one of several Acting Director Mick...