The NCUA on Monday liquidated the Shreveport Federal Credit Union in Louisiana. The Red River Employees Federal Credit Union of Texarkana, Texas immediately assumed the credit union’s membership, and most shares, loans and other assets. Red River serves 84,093...
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?
Puerto Rico CU Employees “Getting Nervous” as Supplies Run Low
Mayra Navas, branch manager of JetStream Federal Credit Union in Puerto Rico The $2.9 billion Coastal Federal Credit Union in Raleigh, N.C. contributed $300,000 Monday to the National Credit Union Foundation and the World Council of Credit Unions that will fund relief...
Equifax to be ‘Held Accountable,’ CUNA to File Lawsuit
The credit union industry’s largest national trade association, CUNA, announced Friday that it plans to file a lawsuit against Equifax over the credit bureau’s massive data breach. "Equifax needs to be held accountable for this massive data breach that...
Outrage Over Equifax Data Breach Revealed in New Survey
More than half of Americans polled have yet to check if they were hacking victims of the Equifax breach but believe the credit rating firm should lose its credit bureau status. The Hoboken, N.J. based LendEDU polled 1,000 American consumers following the Equifax...
2 More Credit Unions Go After Equifax
Two more credit unions are suing Equifax for damages related to the credit-reporting agency’s recent data breach, court records show. Colorado Springs, Colorado-based Aventa Credit Union and New Castle, Pennsylvania-based First Choice Federal Credit Union, along...
NCUA Wants to Continue Push for Exam Flexibility
The NCUA would like to implement a flexible exam schedule that extends exam cycles up to 20 months, according to the agency’s draft Strategic Plan, released Thursday. The NCUA board approved the publication of the draft plan and is soliciting comment on the...