WASHINGTON–The National Defense Authorization Act (NDAA), the huge bill before Congress credit unions are hoping will carry some of their favored legislation, has become bogged down in part because of the very provisions CUs support.
Fresh Today
WASHINGTON—Reserve and National Guard members called to active duty are paying an extra $9 million in interest every year because they are not always receiving the benefit of their right to rate reductions under the Servicemembers Civil Relief Act, according to new research conducted by the Consumer Financial Protection Bureau.
TULLAHOMA, Tenn. – Ascend Federal Credit Union said it is returning $5 million to members in the form of bonus dividend payments, loan interest refunds and reward payments for loyal debit card use.
ALEXANDRIA, Va.– NCUA has issued a Letter to Credit Unions that dials back some of the powers CUs have been granted over the past three years when it comes to holding both board and membership meetings, including the authority to hold both types of meetings coompletely virtually.
PASADENA, Calif.–Members of the $266-million Parsons Credit Union here have voted in favor of merging into another credit union on the opposite coast of the country.
Since 2007, Just a Slight Increase in Representation of Minorities, Women in FI Management, GAO Says
WASHINGTON–There was a slight increase in representation of minorities, defined as racial/ethnic groups other than White, as well as women in management positions in the financial services industry from 2007 to 2020, according to a new report from the Government Accountability Office.
LANSING, Mich.–The Financial Exploitation Prevention Act (FEPA) has now become law in Michigan, and the state’s credit unions played a big role in making it a reality, according to the Michigan Credit Union League.
ST. PETERSBURG, Fla.–NCUA Board Member Rodney Hood is among those who will address the Education Credit Union Council (ECUC) annual conference here in February.
TAMPA, Fla.–Trellance, a provider of analytics and talent solutions, has released a list of the credit union league partnerships it added during 2022.
LAS VEGAS– VentureTech, a fintech showcase for credit unions, has wrapped up its three-day event here during which various fintechs made their pitches for credit union support and backing, with one company being voted Best in Show.