ALEXANDRIA, Va.–The NCUA has board has approved a final interagency policy statement related to the new Current Expected Credit Loss (CECL) accounting standard.
Fresh Today
ALEXANDRIA, Va.–The National Credit Union Share Insurance Fund reported net income of $50.5 million during the fourth quarter, bringing total income to $169.7 million for 2019.
ALEXANDRIA, Va.–NCUA is reporting it has sold the majority of its taxi-medallion loan portfolio to Marblegate Asset Management LLC. The agency did not disclose a sales price.
ALEXANDRIA, Va.–A final interagency policy statement related to the new CECL accounting standard and as well as discussion of issues related to allowance for credit losses (ACLs) at credit unions will be on the agenda of the NCUA board when it meets today.
WASHINGTON–Payday loan companies and other high-cost lenders routinely obtain warrants to arrest their customers, according to a new study from the Consumer Federation of America (CFA).
WASHINGTON—NAFCU has responded to an op-ed from the Florida Bankers Association's CEO and a report from the National Taxpayers Union the trade group says “falsely” claims credit unions are the financial institutions misusing the tax code.
ROANOKE, Va. — Freedom First Credit Union said it has received a $5 million secondary capital investment from the new Inclusiv Southern Equity Fund to help fund the Affordable Housing Program. According to Freedom First, its program works with potential homebuyers of modest means to overcome conventional mortgage qualifying hurdles so they have a chance to become a homeowner.
WASHINGTON–CUNA and NAFCU have joined to submit an amicus brief in a case involving allegations related to non-sufficient funds (NSF) fees. NAFCU, meanwhile, is separately calling on the CFPB to exempt Cus from future rulemaking, while also responding to an IRS proposal.
TEXARKANA, Texas – With plans to soon add a host of new member services, Red River Credit Union is now partnering with CO-OP Financial Services for debit and full-service credit processing, and participating in CO-OP ATM network, according to the company.
HARRISBURG, Penn.—PSECU has launched a pilot program aimed at providing free, one-on-one financial coaching sessions to members who are students at five Pennsylvania-based colleges and universities.