BIRMINGHAM, Ala.—Growing credit unions are facing a totally unexpected challenge to their growth and the ability to meet their members needs due to the pandemic and other forces, asserts Dollar Associates, which is holding a webinar to discuss “crucial credit union issues for larger and dynamically growing credit unions.”
WASHINGTON—During the first quarter of 2018, 132 credit unions borrowed from the Federal Reserve's Discount Window.
PHOENIX–Two Arizona credit unions have announced merger plans. The $15-million Southwest Healthcare Credit Union, which has approximately 1,800 members, said it plans to merge with Canyon State Credit Union pending a vote by the SHCU membership.
TAMPA, Fla.–Trellance will host this week a webinar featuring the CEOs of four of the largest CUSOs in the country.
WASHINGTON—Former Consumer Financial Protection Bureau Director Richard Cordray is warning the agency is not doing enough to protect consumers amid the coronavirus pandemic.
ALBANY, N.Y.—The New York State Department of Financial Services (DFS) announced it has published an order to provide temporary regulatory relief for New York-chartered financial institutions.
ST. PAUL, Minn.—The Minnesota Credit Union Network said it has joined in the ownership of NetGiver, a CUSO which enables fee-free charitable contributions exclusively for credit union members through a mobile giving platform.
HARAHAN, Louisiana–The Louisiana Credit Union League said it has partnered with North Carolina-based Zogo, the financial education company, to reduce its app setup fee to $0 for all credit unions in the state.
WASHINGTON–Congressional leaders were indicating late on Sunday that Congress is “very close” to a deal on new funding for the Paycheck Protection Program (PPP), after the $350-billion program ran out of money less than two weeks after being announced, while the Fed has announced a change that could benefit CU board members.
WASHINGTON—Even with the program currently out of funding, the Small Business Administration (SBA) is being urged to continue to approve lender portal access and to provide additional guidance on loan forgiveness for its Paycheck Protection Program (PPP).
