WASHINGTON–With separate calls by some for congressional hearings on NCUA and on the credit reporting industry, one credit union advocate in Washington doesn’t believe either will occur.
Fresh Today
WASHINGTON–Legislation that would remove federal prohibitions on financial institutions from serving cannabis-related businesses has bipartisan support not just in Congress but from many states’ governors, and in addition also has widespread support from the American people—so why is it taking so long to pass?
BEAVERCREEK, Ohio–Wright-Patt Credit Union has named a new president and CEO to succeed the retiring Doug Fecher.
PHOENIX/DENVER–Scott Earl, the well-known president and CEO of the Mountain West Credit Union Association, has announced plans to retire at the end of June 2022.
ANAHEIM HILLS, Calif.–Credit Union of Southern California (CU SoCal) said it is paying its employees a holiday bonus and an “inflation bonus” this year.
WASHINGTON—CUNA said it is concerned with the approach NCUA has taken toward impending Call Report changes and is calling on the agency to extend the comment period on the proposed changes until at least mid-January.
WICHITA, Kan.–Two credit unions in the Sunflower State have announced plans to combine.
BROOKFIELD, Wis.— Consumer payment preferences have changed dramatically as a result of the pandemic, according to a recent Carat Insights Report from Fiserv, which among other things reveals how consumers prefer to use debit cards.
BANGOR, Maine–In a 14-count complaint, four people who were allegedly part of a 12-person criminal organization in Maine and who allegedly committed bank fraud and other crimes after opening credit union accounts that financed a $13 million illegal marijuana operation, have been indicted.
WASHINGTON–The Federal Reserve has released a new report revealing the financial firms it oversees now hold just under $43-trillion in assets as of mid-year.