BROKEN ARROW, Okla.–Western Sun FCU has named a new CEO and also announced a year-end bonus dividend.
Fresh Today
PLANO, Texas—SWBC will host a free, one-hour webinar Jan. 19 that it said will review last year’s economy and look ahead to what CUs can expect in 2022.
WASHINGTON–In separate comment letters, both CUNA and NAFCU have expressed concerns to the CFPB over its section 1071 Proposed Rule, which would require both credit unions and CUSOs that originated at least 25 covered small business credit transactions in each of the two preceding calendar years to collect and report certain small business credit application data.
WASHINGTON—Members of the Senate Banking Committee discussed during a hearing how Community Development Financial Institutions (CDFIs) can better support underserved communities. Much of the discussion was around strengthening CDFIs in addition to call Congress to work together to address regulatory changes that will benefit the institutions.
NEWARK, N.J.—A California man has pleaded guilty to running a $50 million fraud scheme using fake websites that advertised high returns on certificates of deposit.
SAN DIEGO–Credit union core data processor Corelation has named a new president. The company announced that Theresa Benavidez has turned over her responsibilities as company president to Rob Landis, who had been serving as the company’s COO.
MADISON, Wis.–CUNA has named the winners of its ELLy Awards, which honortop training professionals at credit unions. The awards were announced during the CUNA Experience Learning Live! conference.
PURCHASE, N.Y.—McDonald’s said it’s selling a tech company it acquired roughly three years ago to Mastercard for an undisclosed amount.
WASHINGTON–One year ago today credit unions in the District of Columbia and their trade groups were shutting offices and issuing statements of condemnation as the result of violence at the U.S. capitol by supporters of former President Trump.
WASHINGTON—Ahead of a Senate Banking Subcommittee hearing to examine how Community Development Financial Institutions (CDFIs) support underserved communities, NAFCU has sent a letter urging increased spending but also calling for a “backlog” to be cleared first.