ERIE, Penn.–Two credit unions here said they are merging. The $725-million Erie FCU and the $7.1-million Erie Times FCU said they plan to combine effective Jan. 1, 2022. The merger has also been approved by NCUA.
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RICHMOND, Va.– Credit Union of Richmond (CUofR), the longest continuously running CU in the state, has been approved by the state regulator to expand its charter and membership eligibility beyond the city of Richmond.
NEW YORK–Goldman Sachs Group has agreed to buy GreenSky Inc. for about $2.24 billion. GreenSky is a fintech that works with more than 10,000 merchants to offer payment options to their customers on home improvement projects and health care.
MENLO PARK, Calif.–Credit unions that have relationships with colleges and universities often seek to get their cards into the hands of students when they arrive on campus. Now, Robinhood, the trading app popular with young investors, is borrowing the tactic.
ALEXANDRIA, Va.—The NCUA board Thursday approved three agenda items to be added to remaining board meetings for 2021. But the divide between board members clearly remains, as the motion was passed 2-1.
ALEXANDRIA, Va.—No Share Insurance Fund premium will be needed now to bolster the NCUSIF, the NCUA board stated Thursday, as the equity ratio of the fund stood at 1.23% at the close of the second quarter and is projected to be 1.28% by year-end.
ALEXANDRIA, Va.—The NCUA board Thursday reported its 2021 operating budget is on track to end the year with a $15-million surplus.
ALEXANDRIA, Va.—Citing the growing need for subordinated debt to help credit union bottom lines as well as their ability to serve the underserved, the NCUA board voted 3-0 in favor of the Subordinated Debt Emergency Capital Investment Program proposed rule.
ALEXANDRIA, Va.—The NCUA board will meet today with its proposed rule on subordinated debt on the agenda.
CHICAGO – Consumers seeking Buy Now, Pay Later (BNPL) and Point-of-Sale (POS) financing are also actively utilizing traditional credit, contrary to the assumption that these new credit offerings are taking market share away from credit card issuers and other lenders, according to a new study from TransUnion.