by GrafWebCUSO | Jan 4, 2018 | News
Even Pope Francis didn’t seem to enjoy 2017. During his New Year’s Eve prayer service, he said, “We humans in so many ways ruined and hurt it [2017] with works of death, with lies and injustices.” Yikes! I use this quote as an example, not to...
by GrafWebCUSO | Jan 3, 2018 | News
The nation’s largest credit union is a relatively small player in business lending, but a vender announcement Wednesday signaled Navy Federal Credit Union has aspirations to expand its portfolio, focusing on small businesses. Navy FCU ($83.7 billion in assets,...
by GrafWebCUSO | Jan 3, 2018 | News
Among the NCUA’s approved 25 mergers in November, four credit unions were consolidated because of their poor financial condition, including a Los Angeles faith-based cooperative that posted delinquency rates ranging from zero to 100% for more than five years....
by GrafWebCUSO | Jan 2, 2018 | News
The federal Credit Union Act is outdated and needs to be modernized, CUNA officials said Monday, in announcing a comprehensive effort to send a plan to Capitol Hill during the next Congress. “It’s been about 20 years since the Credit Union Act has been...
by GrafWebCUSO | Jan 2, 2018 | News
Credit unions kept busy until the close of 2017, with eight credit unions announcing new hires, promotions, donation efforts, staff and credit union accomplishments, and retirements. WEST Employees from the $7.6 billion Alaska USA Federal Credit Union in Anchorage,...
by GrafWebCUSO | Dec 29, 2017 | News
The Tampa, Fla.-based Trellance announced today that it has divested payments processor CSCU, meaning the two are now separate businesses. The move comes just days after CSCU announced on Dec. 18 that it had formed Trellance, which it said it created “to focus...
