SAN ANTONIO–Two Texas credit unions have announced a merger. The $60-million First Class American Credit Union and its 6,000 members has merged into the $300-million United Texas Credit Union in Fort Worth.
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BALTIMORE, Md.–Four organizations, including three CUs, have invested $5 million in Think|Stack, a cloud and cybersecurity firm that specializes in credit unions, forming a CUSO.
DALLAS—ALM First, which serves more than 300 financial institutions nationwide, is reporting it has surpassed $55 billion in assets under management.
WASHINGTON—The nation’s largest apartment landlords, which collectively own more than two million units, are being cautioned over any evictions by the CFPB and the FTC.
WASHINGTON–The Consumer Financial Protection Bureau has released two reports it said show “more work needs to be done” to help mortgage borrowers coping with the COVID-19 pandemic and economic downturn.
COLUMBUS, Ohio–Sherpa Technologies, a CUSO of Corporate One FCU, said it is partnering with Juniper Payments, the largest non-bank, cloud-based service provider of inter-bank transactions and reporting systems in the U.S., have formed a strategic partnership to provide a comprehensive portfolio of payment solutions through an integration between their respective payment hubs.
SALT LAKE CITY, Utah–Credit Unions for Kids reported it is now celebrating its 25th year of a successful program with its network of credit union partners and hospitals, and will host an event on YouTube to mark the milestone.
MADISON, Wis.–The Filene Research Institute has announced a partnership with CMutual, an insurance specialist and protection solutions provider for credit unions, building societies and mutual lenders in Ireland and the United Kingdom. According to Filene, the exclusive knowledge-sharing partnership gives CMutual’s credit union partners full access to 40 years of Filene’s CU expertise and a library of more than 500 research reports.
WASHINGTON—Smart home security and monitoring company Vivint Smart Homes Inc. has agreed to pay $20 million to settle Federal Trade Commission allegations that the Utah-based firm misused credit reports to help unqualified customers obtain financing for the company’s products and services, the FTC said.
ARLINGTON, Va.–NCUA’s disclosure it has spent nearly $40 million to date on the design and implementation of a new examination system requires full disclosure and transparency, according to NAFCU.