Credit union trade groups praised the Treasury Department Tuesday for its regulatory recommendations governing financial institutions, but one lobbyist said that personnel changes may be needed before they can be implemented. “It’s reflective of the input...
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?
San Francisco FCU Names New CEO
The $1 billion San Francisco Federal Credit Union said Monday it appointed Jonathan Oliver as president/CEO. He succeeds Steven Stapp who left San Francisco FCU last year to become the president/CEO of the $1 billion Unitus Community Credit Union in Portland, Ore....
Credit Union Hits the Gas With Online Car Buying
Consumer interest in buying cars online is flourishing, and one credit union’s plan to capitalize on that trend is highlighting just how much the internet is changing the way credit unions operate in the digital era. Earlier this month, Orlando, Florida-based...
Reign In CFPB, Redesign CU Rules: Treasury Department
Financial regulators and Congress have done a poor job of tailoring regulations to the size of financial institutions, the Treasury Department said Monday, in calling for many of the changes long advocated by credit unions. “As banking regulators are approaching...
Nebraska CU Opens to Help People Trapped by Payday Lenders
In Nebraska, a new credit union has opened to reduce the influence of payday lenders in the state’s capital city. The NCUA said Monday it granted a federal charter and share insurance fund coverage to Community HOPE Federal Credit Union. Community Development...
Shares & Deposits Up, Membership Down at Fed Insured CUs
Federally insured credit unions showed continued improvement in nearly every category during the first quarter of 2017, with large credit unions continuing to outpace smaller ones, the NCUA said Monday. At the median, shares and deposits rose in every state over the...