Credit unions ended the year with consumer loans taking more spots in the portfolio parking lot, leaving a smaller share of the loan space for real estate. A preliminary assessment by CUNA and the Federal Reserve Bank’s G-19 Consumer Credit Report released...
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 Considers Share Insurance Fund Distributions on Feb. 15
The NCUA board will discuss Share Insurance Fund equity distributions when it meets on Feb. 15. Last year, the board approved the merger of the Share Insurance Fund with its Corporate Stabilization Fund. At the time, board Chairman J. Mark McWatters said that the...
NCUA Board to Consider Share Insurance Fund Distributions on Feb. 15
The NCUA board will discuss Share Insurance Fund equity distributions when it meets on Feb. 15. Last year, the board approved the merger of the Share Insurance Fund with its Corporate Stabilization Fund. At the time, board Chairman J. Mark McWatters said that the...
Credit Unions Name New CEOs, Retirements
Bangor Federal Credit Union named Basil Closson as its new president/CEO. Credit unions in North Carolina, New York, Maine, Massachusetts, Virginia and Indiana recently named top executive leaders and announced retirements. The $2.2 billion Truliant Federal Credit...
Nussle Tells Hatch Credit Unions Must Be Permitted to ‘Evolve’
Credit unions must be permitted to evolve, and that evolution should not endanger their tax exemption, CUNA President Jim Nussle said this week, in a letter to Senate Finance Chairman Orrin Hatch (R-Utah). Hatch recently wrote a letter to NCUA Chairman Mark McWatters...
Sen. Warren Blasts Equifax for Lax Cybersecurity in Report
Sen. Elizabeth Warren, D-Mass., released the findings of a four-month investigation into how Equifax failed to protect the personal data of more than 145 million Americans. The new 15-page report containing the findings concludes...