WASHINGTON—Sen. Sherrod Brown (D-OH), chairman of the Senate Banking Committee, has joined the lineup of Congressmen who are scheduled to speak at NAFCU’s 2022 Congressional Caucus.
Fresh Today
NEW ORLEANS–Riverland FCU has named a new president and CEO to succeed the retiring Carol Irby, who has lead the organization since 1985.
ALEXANDRIA, Va.–NCUA’s Office of Consumer Financial Protection said it is partnering with the Federal Emergency Management Agency (FEMA) to host a webinar focused on how credit unions and their members can prepare for, and remain resilient in the face of, climate-related disasters.
NEW CASTLE, Del.–Delaware Gov. John Carney signed the Expanding Access for Retirement and Necessary Saving Program Act (EARNS Act) into law at an event at which one credit union CEO was present.
LEWISBURG, Penn.–Service 1st FCU has entered into a name, image, likeness (NIL) deal with Bucky the Bison, the mascot for Bucknell University athletics.
DES MOINES, Iowa–Curql Collective, which oversees a fund that provides investment capital from credit unions to fintechs, has announced what is it calling a “new ecosystem partnership” with Tru Treasury to provide credit unions a better option to deliver business services to their members and communities.
NEW YORK–Citigroup has announced a small reduction in its mortgage workforce, due to what it called an internal streamlining of functions. The cutbacks come as the overall mortgage lending market has slowed down due to rising rates.
OCALA, Fla.–Ocala Community Credit Union has announced a new cost of living allowance (COLA) and minimum wage, among other staff benefits.
ARLINGTON, Va. – National Consumer Cooperative Bank, the holding company of National Cooperative Bank, (NCB), has announced the issuance of a $58.5 million patronage refund to 1,685 cooperative stockholders nationwide, including $12.9 million in cash.
ALEXANDRIA, Va.–CUToday.info’s latest review of disclosure forms filed by nine credit unions seeking to merge has found two CUs, both of which posted losses over the first six months, seeking to combine; several CUs with capital north of 22% again not distributing any of that net worth to members; just one acquiring CU of more than a billion in assets (a rarity), and one small CU that still operates out of a person’s home and which does business by phone only.