As the CFPB contemplates regulations governing small business lending, credit unions are asking the agency to ensure that any rules do not conflict with NCUA requirements and do not require data collection that could be misleading. The CFPB held a field hearing on...
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?
Men Owe More Student Debt, Women Get Less Help Paying for College
The effects of debt—especially college debt—can weigh on graduates for years, particularly if they don’t get any help in paying off the student loans they’ve amassed. Just how tough it can be for those graduates, and who has the...
Wyoming Credit Union Plans Bank Purchase
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....
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...