In an indication that the House will take quick action to nullify the CFPB’s arbitration rule, the chamber’s Rules Committee will meet Monday evening to approve a rule for debate on the resolution to void the rule. Consideration by the Rules Committee is...
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 to Close Two Regional Offices in Larger Reorg Plan
The NCUA on Friday announced the closing of its Albany, N.Y. and Atlanta, Ga. field offices as part of a larger reorganization of the agency. In announcing the plans, the NCUA said that improved efficiency, responsiveness and cost-effectiveness are the goals of the...
Securian Financial Forms Joint Venture with CU Direct
A company that sells insurance and financial services to credit unions has bought a 30% stake in a CU Direct subsidiary that offers similar services. Allied Solutions, based in Carmel, Ind., is buying a stake in CU Direct’s Vero LLC subsidiary, which sells...
Poll: Credit Unions Care, but ‘Have Skimpy Offerings’
People believe credit unions care more about their customers than banks do, but banks are still getting their business, possibly due to widespread perceptions that credit unions have skimpy offerings, according to new data from Harris Poll. The study,...
Utilities Employees CU & ClearChoice FCU Announce Merger
On Thursday, Utilities Employees Credit Union and ClearChoice Federal Credit Union announced an agreement to merge after unanimous approval by both boards. Utilities Employees Credit Union is a $1.2 billion financial institution that serves 45,000 members nationwide...
NCUA Board Seeks Comment on Closing Stabilization Fund
The NCUA board on Thursday agreed to seek comments on a plan to close the Temporary Corporate Credit Union Stabilization Fund at the end of September—a move that eventually could result in a Share Insurance Fund distribution to federally insured credit unions of...