WASHINGTON—CUNA said it supports a proposed accounting standards update from the Financial Accounting Standards Board (FASB) that would eliminate Troubled Debt Restructuring (TDR) accounting requirements for those entities that have adopted the current expected credit loss (CECL) standard.
NORTH LIBERTY, Iowa—The $7.8-billion GreenState Credit Union’s bid to acquire $395-million Premier Bank, based in Omaha, Neb., has been rejected by the Nebraska Department of Banking and Finance.
TAMPA, Fla.–Trellance plans to host a free webinar on Jan. 19 to “help credit unions make sense of rapidly growing data with business intelligence.”
BOSTON– While several small- and medium-size business (SMB) sectors have shown some strong signs of recovery over the past month, 43% of minority-owned SMBs still struggled to pay their rent in full and on time in December, according to Alignable's Monthly Rent Poll of 5,818 small business owners.
BURLINGTON, Mass.– Eastern Corporate Federal Credit Union (EasCorp) has named a new president and CEO, who will become only the second person in its history to hold the title.
FT. WORTH, Texas–Tarrant County’s Credit Union has selected PSCU to provide it with debit and credit card processing services and support.
WASHINGTON—NAFCU has written to the Federal Reserve offering feedback and suggestions on the proposed adoption of the ISO 20022 message format for the Fedwire Funds Service.
NEW YORK—Chase has added a brand-new business card to its Ink lineup.
WASHINGTON – To close out what it called “another successful year,” the Defense Credit Union Council (DCUC) said it has donated an additional $98,000 to military and credit union organizations.
DUBLIN, Ireland–The country’s credit unions are pressing the government to relax laws so as to allow them to co-lend on projects and channel deposits into the government’s savings program.
