WASHINGTON—CUNA has offered comment issues related to CECL, loan repayments and more included in several pandemic lending-related bills. The comments were related to a hearing held by the House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets.
PHOENIX–Two credit unions in this state that earlier completed a merger have now introduced their new name. The CU formed by the merger of Canyon State Credit Union and Deer Valley Credit Union said it is now operating as Cooper State Credit Union.
PHILADELPHIA— Ardent Credit Union has entered into a partnership with a fintech called RenoFi on a new renovation loan product. According to the CrossState Credit Union Association, which first reported the new product, the Ardent Renovation Loan will significantly increase a homeowner’s borrowing power.
LITTLE ROCK, Ark.–The Arkansas Credit Union Association has launched a new outreach initiative called Arkansas Credit Unions: The Right Move. Right Now.
WASHINGTON—The Federal Housing Finance Agency (FHFA) has released new translated resources related to the coronavirus national emergency, designed to help limited English proficiency borrowers experiencing mortgage-related difficulties.
SAN ANTONIO – Generations FCU here has selected CO-OP Financial Services for debit and full-service credit processing. The $570-million credit union is also a participant in CO-OP ATM network.
ST. LOUIS–A new survey suggests recent homebuyers have experienced COVID-19-induced fears.
ATLANTA—Blockchain payments provider BitPay has launched a Mastercard prepaid card for crypto users in the United States.
ST. PETERSBURG, Fla.—PSCU has entered into an agreement with the Worldwide Foundation for Credit Unions that the organization said is focused on expanding the impact of two critical leadership development programs: The Global Women’s Leadership Network and the World Council Young Credit Union Professionals Program.
MADISON, Wis.–The coronavirus pandemic's effects on credit unions are readily apparent in the newest CUNA Mutual Trends Report, which uses phrases “biggest drops in history,” “raises concerns” and “slowest pace since 2011” in its analysis.
