PHILADELPHIA – The former CEO of a credit union management company, whose actions have been blamed for the failure of six credit unions, has been sentenced to prison and ordered to pay restitution as the result of an embezzlement.
Fresh Today
ARLINGTON, Va.–Relief provided to credit unions under a recent interim final rule from NCUA is helpful, but there are additional relief steps that can be taken to help larger credit unions as they scramble to prepare for enhanced supervisory requirements, NAFCU told the agency.
WASHINGTON–Fed Chairman Jerome Powell has released a new video in which he said the Federal Reserve is studying technological advances in the global payments landscape and exploring ways that it might refine its role as a core payment services provider and as the issuing authority for U.S. currency.
SNELLVILLE, Ga.–The African-American Credit Union Coalition (AACUC) is being featured in The New York Times Black Wall Street virtual storefront, which starts May 25.
CONCORD, N.H.–Eight brand-new job openings, including two CEO positions, have been added to CUToday.info’s free job board, the Gig. Those are in addition to the four jobs that were previously announced several days earlier.
MADISON, Wis.—The World Council of Credit Unions has launched a monthly podcast it said is designed to provide the “international credit union community with an in-depth look at some of the interesting and important stories we have to tell, particularly in the areas of international advocacy, international projects, education and networking, and digital transformation.”
WASHINGTON—FRB Federal Credit Union said it is partnering with CU REVL to create an education finance program for its members, the Galveston, Texas-based CUSO reported.
AUSTIN, Texas–The Texas House of Representatives has passed the sunset bill that will continue to fund the state’s Credit Union Department for another 12 years. The bill now goes before Gov. Greg Abbott for his signature.
ALEXANDRIA, Va.–NCUA will be co-hosting a webinar today on the Emergency Capital Investment Program.
WASHINGTON—A representative from Mission Federal Credit Union in San Diego shared the credit union perspective during the recent Financial Accounting Standards Board (FASB) roundtable on the current expected credit loss (CECL) standard.