NEW YORK–A federal judge has dismissed a demand by the $ 4.3-billion Municipal Credit Union that the court dismiss allegations by a former senior executive who claims her supervisors ignored and retaliated against her over complaints of sexual harassment by former MCU President/CEO Kam Wong, who is now in prison.
IRWINDALE, Calif.–Two California credit unions have named new CEOs.
DORCHESTER, Mass.–John (Bernie) Winne, president/CEO of Boston Firefighters Credit Union (BFCU), has announced plans to retire effective June 30, 2022.
EAST LONGMEADOW, Mass.–Two Massachusetts credit unions have announced merger plans.
LONDON, Ontario—A group of credit unions in Ontario, Canada, have pulled together to provide assistance people affected by the devastating floods in British Columbia.
LAS VEGAS–NACUSO has named the winner of its ninth annual Next Big Idea competition, in which companies pitch their ideas for new solutions for credit unions.
BOSTON – Saying millions of families are struggling to recover from the economic fallout of the COVID-19 pandemic and the end of state and federal payment forbearances, eviction bans and utility shut-off moratoriums, a national consumer group is calling on state governments to play a role in “protecting households from seizure of essential wages and property to pay old debts.”
BANGKOK, Thailand–The Bank of Thailand has announced plans to conduct a real-world test of a Central Bank Digital Currency (CBDC) in a real-world environment sometime in the second quarter of 2022.
TUKWILA, Wash.–BECU has announced the 2021 nonprofit recipients of its Black Community Development Project (BCDP), in which it has committed $1 million per year over five years to support racial equity in its communities in Washington and South Carolina.
LONDON/SAN FRANCISCO–So much for holiday cheer.
