by GrafWebCUSO | Nov 11, 2016 | News
The NCUA board will vote on the agency’s 2017 budget plan at its meeting on Nov. 17. The board held a briefing on the budget last month. The briefing included panelists from credit union and trade groups—several of whom criticized the budget. The agency...
by GrafWebCUSO | Nov 11, 2016 | News
The Michigan Department of Insurance and Financial Services Nov. 9 appointed the NCUA as the conservator of the financially troubled $22.3 million Valley State Credit Union in Saginaw. The MDIFS placed Valley State into conservatorship on Aug. 17 because of unsafe and...
by GrafWebCUSO | Nov 10, 2016 | News
[embedded content] GTE Financial has taken on the latest must watch video trend: The Mannequin Challenge. The #MannequinChallenge is the viral video craze where groups of people stand completely still while one person with a camera does an aerial tour of the scene...
by GrafWebCUSO | Nov 10, 2016 | News
The two largest credit union trade organizations said Thursday they see no threat to eased borrowing rules for Member Business Loans in the coming Trump administration. The NCUA adopted the rule in March freeing credit unions from seeking NCUA approval when buying...
by GrafWebCUSO | Nov 10, 2016 | News
CUNA President Jim Nussle, a former director of the White House Office of Management and Budget, on Thursday ruled out accepting a job in the incoming Trump administration. “My passion is credit unions,” Nussle said, responding to a question during a...
by GrafWebCUSO | Nov 10, 2016 | News
A former business relationship manager was sentenced Tuesday to 10 years for a six-year multimillion-dollar fraudulent loan scheme at the $1 billion Scott Credit Union in Edwardsville, Ill. Theodore J. Longust, 51, formerly of Columbia, Ill., was ordered to pay $14.1...
