ALEXANDRIA, Va.–The NCUA board has voted 3-0 to adopt its final rule on the CAMELS rating system, approving a plan to add an “S” for market sensitivity to its examination tool.
Fresh Today
MADISON, Wis.–Today marks International Credit Union Day around the world.
ROCHDALE, England–It’s International Credit Union Day, a good time for a reminder on the 7 Cooperative Principles, the foundational operating principles for cooperatives such as credit unions.
NEW YORK–At the same time some financial institutions, including credit unions, are announcing they are eliminating overdraft fees, a new survey finds the fees (NSFs) have hit a new record high in 2021 $33.58, up slightly from $33.47 last year.
ALEXANDRIA, Va.—The NCUA board will meet today and is set to issue a two final rules, one regarding Credit Union Service Organizations (CUSOs) and one regarding its CAMELS rating system.
RANCHO CUCAMONGA, Calif. – The U.S. continued its “fitful” post-pandemic recovery in September, as credit union member spending trends for the month reflected a largely “business as usual” trend, CO-OP Financial Services reported.
ALEXANDRIA, Va.–NCUA is cautioning that the use of cloud-based email services is making CUs vulnerable target for cybercriminals, and credit unions are being urged to take steps to protect themselves.
WASHINGTON — Five federal financial regulatory agencies, including NCUA, plus state agencies have issued a joint statement they said is designed to highlight the risks posed by the discontinuation of LIBOR (London Interbank Offered Rate).
LOS ANGELES–With its board citing a 20% decline in membership, members of Chabot Federal Credit Union have voted in favor of merging into Los Angeles-based University Credit Union.
MONTCLAIR, Calif.– Interfaith Federal Credit Union is reporting it has completed its merger with $16 million Holston Methodist Federal Credit Union (HMFCU) in Knoxville, Tenn.