WASHINGTON—Allowing credit unions to capitalize interest would provide a consumer-friendly option and will likely lead to credit unions using it to help struggling borrowers, CUNA said in a comment letter to NCUA.
Fresh Today
WASHINGTON–The CFPB’s budget was up by more than 9% during its most recent fiscal year to $558.5 million, according to the Bureau’s just-released fall 2020 semiannual report.
COLUMBUS, Ohio – Corporate One FCU is reporting it has been selected as one of 110 organizations to participate in the pilot program for the Fed’s upcoming instant payments offering, the FedNow Service.
TAMPA, Fla., – Trellance, a provider of data analytics, business intelligence and professional services, said it has entered into a professional services partnership with CU Engage, a national consultancy that delivers vendor and technology evaluations as well as project management services to credit unions.
DENVER–Westerra Credit Union said it has relaunched its “5820 School Fundraising Program,” which gives schools and other organizations the opportunity to earn $58.20 for every account opened at the CU.
MUNCIE, Ind.–Ball State Financial, a division of Financial Center First Credit Union, has pledged $170,000 over three years to support a financial literacy initiative in conjunction with the Department of Finance and Insurance in Ball State University’s Miller College of Business (MCOB).
LAS VEGAS–Clark County Credit Union has announced a $1.5 million payout to members as part of Bonus Dividend Day.
LEOMINSTER, Mass.–Employees of Leominster Credit Union are receiving an extra $600 “Stimulus Check,” in this case, from their employer.
NEW BEDFORD, Mass.–New Bedford Credit Union has named a new president and CEO. The $140.6-million CU has named Berta Varao to lead the organization and to succeed David Borges, who is retiring at the end of January.
MILWAUKEE, Wis.—InterLutions CUSO is reporting it has launched an alliance with CUNA Strategic Services (CSS) to provide more credit unions with access to I-Care, an employee benefits solution designed to mitigate rising health costs.