NCUA Board Member Rick Metsger talks to CUBG conference attendees about new MBL rules and changes at the NCUA. PORTLAND, Ore. – In a closing session at the 2017 CUBG Annual Conference Wednesday, NCUA Board Member Rick Metsger said the NCUA is taking an active...
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?
DOL Releases New Fiduciary FAQ on Retirement Plans
ERISA attorneys are applauding the Department of Labor's just-released FAQ guidance on its fiduciary rule. “We are generally pleased,” said Steve Saxon, partner at Groom Law Group. “The 408(b)(2) guidance just makes good sense because the DOL was...
Successful Branch-Based Small Business Programs: Onsite at CUBG
Jim Hanson of JDH Consulting discusses why credit unions should implement a branch-based small business program. PORTLAND, Ore. – Despite the perception that small business owners wouldn’t think of looking to credit unions for financial services, credit...
Wealth Management Firm Buys California CUSO
CUSO Financial Services and its sister company, Sorrento Pacific Financial, in San Diego, Calif., signed an agreement last week to be bought by Atria Wealth Solutions in New York, which is backed by a private equity firm. As part of the agreement, Atria will be buying...
3 Reminders for CUs Lending to Cannabis Businesses: Onsite at CUBG
Legal experts Dennis Baranowski, left, and Nema Daghbandan, right, discuss best practices for cannabis business lending. PORTLAND, Ore. – Cannabis businesses loans are a territory most credit unions would choose to steer clear of, but at the 2017 CUBG National...
Lake Michigan CU to Buy Florida Bank
The $5.1 billion Lake Michigan Credit Union in Grand Rapids said Monday it will buy the $418 million Encore Bank, which makes the definitive agreement the largest bank acquisition by a credit union to date. The Naples-Fla.-based bank, which serves about 20,000...