RANCHO CUCAMONGA, Calif.– Citing concerns related to the threat from the coronavirus, CO-OP Financial Services has rescheduled its THINK 20 conference, moving the even from early May to August 17-20.
Fresh Today
WASHINGTON–In response to a report that found daytime alcohol consumption, trips to strip clubs and drug use by members of NCUA’s general counsel’s office, the CU trade groups have issued statements calling the allegations a sign of a need for more oversight.
ALEXANDRIA, Va.—Ahead of the expected release of a report by NCUA’s Office of Inspector General related to allegations of misconduct within the agency, NCUA Chairman Rodney Hood has issued a statement saying he is “surprised and disappointed” to learn of the allegations.
ALEXANDRIA, Va.–Federally insured credit unions during 2019 grew total assets by $113 billion (7.8%), loans by $64 billion (6.2%) and membership was up by 4.2 million, according to NCUA’s Quarterly Credit Union Data Summary for Q4 2019.
ARLINGTON, Va.—While the U.S. economy saw modest to moderate growth in recent weeks, the Federal Reserve's latest Beige Book data shows the coronavirus was starting to impact some industries, including travel, tourism, and manufacturing.
WASHINGTON—Senate Banking Committee Members Tim Scott (R-SC) and Catherine Cortez Masto (D-NV) have introduced legislation, the Expanding Access to Lending Options Act (S. 3389), that would give the NCUA greater flexibility in setting loan maturity limits under the Federal Credit Union Act.
IRVINE, Calif.–With a new mortgage platform not even a year in the market, CU Direct is preparing to roll out the same technology to two other lending channels as part of a solution it said credit unions will find “revolutionary.”
ARLINGTON, Va.—Total vehicle sales declined slightly to a rate of 16.8 million annualized units in February. Of note, light trucks continued to dominate while auto sales struggled, NAFCU reported.
EL SEGUNDO, Calif.–First Entertainment Credit Union has entered into a multi-season sponsorship agreement to become the Official Credit Union of the NBA’s Los Angeles Lakers.
TEXARKANA, Texas–TEXAR Federal Credit Union has joined PSCU as its newest owner credit union.