HAMPSHIRE, U.K.–Credit union leaders are frequently told of the importance of becoming “top of wallet” with members, and now new research shows exactly why.
Fresh Today
WASHINGTON—The Consumer Financial Protection Bureau has sued United Debt Holding (UDH), JTM Capital Management (JTM), United Holding Group (UHG), and their owners, Craig Manseth, Jacob Adamo, and Darren Turco, for illegal debt-collection practices.
WASHINGTON–Despite the great concerns raised by many traditional financial institutions, including credit unions, over plans by the U.S. Postal Service to provide financial services, just a half-dozen people have used the services since the USPS pilot was launched in September 2021.
RANCHO CUCAMONGA, Calif.– If credit union member card spending is an indicator, 2021 ended on a high note, as members overcame concerns with the rise in omicron cases to drive spending over the extended holiday shopping season back to pre-pandemic levels, a new report shows.
BISMARCK, N.D.–NCUA’s Strategic Draft plan is a “direct attack” upon credit unions in the Dakotasthat support agriculture and livestock producers and the energy sector businesses, according to a comment letter from the Dakotas Credit Union Association.
WASHINGTON—With the House and Senate in recess this week, the focus among credit union trade groups is on NCUA’s board meeting Thursday.
WASHINGTON—Credit unions support the mission of the Home Mortgage Disclosure Act (HMDA) mortgage reporting requirements, although the rule has disproportionately burdened credit unions despite no evidence of past wrongful conduct, according to a letter sent by CUNA to the CFPB.
LAKEWOOD, Colo.– Collaborative back office CUSO Aux is reporting that with 11 new credit unions and one mortgage CUSO partnering with Aux for outsourced services in accounting and compliance in Q4, it experienced a record-breaking year in sales.
LONGMONT, Colo.–The Elevations Foundation and Elevations Credit Union reporting they have raised more than $1 million for victims of the Marshall Fire in Colorado.
POUGHKEEPSIE, N.Y.–Mary Madden, the long-time leader of Hudson Valley Credit Union, has announced plans to retire effective Jan. 2, 2023.