The $189 million Trona Valley Community Federal Credit Union in Green River, Wyo., inked an asset purchase and liability assumption agreement last week to buy the $36 million State Bank also based in Green River. Financial terms of the deal were not disclosed....
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?
CUs ‘Failing to Provide’ Needed Services, Survey Shows
Most credit union members don’t think their CUs provide enough information to help reach personal financial goals, and about one in five say they aren’t familiar with everything their CUs offer, according to new data from marketing technology firm Segmint....
Hensarling Selected for Third Term as Financial Services Chair
Rep. Jeb Hensarling (R-Texas) has been selected by House Republicans to serve a third term as chairman of the House Financial Services Committee. Once Republicans maintained control of the House, Hensarling’s re-election had been expected. Hensarling has made it...
Penn. Credit Union Survives Using Tech & Serving Ignored Members
The $80 million York, Penn. Heritage Valley FCU learned to survive against bigger financial institutions by supplying innovative services to members, and educating and lending to those underserved by other options. “Our tag line is ‘effortless...
Millennials Quick to Move Money, Slow to Take Financial Advice
Millennials have an itchy trigger finger when it comes to investments, reacting to market volatility with unwise decisions—but they’re less likely to seek out professional financial advice. That’s according to the MassMutual Retirement...
Keep Our Communications Secret: Hensarling to NCUA
House Financial Services Chairman Jeb Hensarling (R-Texas) has asked federal agencies under his jurisdiction—including the NCUA, to keep communications with his panel confidential even if members of the public request them under the Freedom of Information Act....