McWatters Under Serious Consideration for CFPB Director

President Trump is seriously considering nominating NCUA Chairman J. Mark McWatters as CFPB director, according to sources inside the credit union industry. McWatters has been interviewed for the position and a background check is underway, one source told CU Times....

California Credit Unions Deliver Holiday Happiness

The popular Christmas song says “there’s no place like home for the holidays,” but the wildfires left thousands of California families without a home to celebrate the Yuletide season. California credit unions, however, recently made the season a...

Guilty Plea for Former Credit Union Employee

A 45-year-old former employee of the $45.5 million Strip Steel Community Federal Credit Union pleaded guilty to embezzling $82,000 in U.S. District Court in Wheeling, W. Va., last week. Michelle K. Martin admitted that she stole the funds from October 2016 to May 2017...

Ohio CU Executive Retires

Becky Howell, MedPro Division CEO of the $83.7 million Ohio HealthCare Federal Credit Union in Dublin, Ohio, will retire Dec 31. Howell was the President/CEO of MedPro Federal Credit Union when it merged into  Ohio HealthCare FCU in 2013. She began working in the...

Demand for Home Equity Lending Increasing: Raddon

Good news for financial institution heading into the new year. Anticipated loan demand is finally increasing, especially for home equities, according to Raddon’s 2017 national study. The research, “Lending Insights: Loan Demand Rebounds but Challenges...