WASHINGTON—NCUA selling its portfolio of taxi medallion loans is not an appropriate step at this time, as it may harm not only the credit unions holding taxi medallion loans but ultimately all federally insured credit unions due to the effect on the NCUSIF, CUNA and three credit union leagues told the agency in a comment letter.
ALEXANDRIA, Va.–The NCUA board has approved an adjustment to agency’s civil money penalties for inflation, increasing the maximum levels of fines it can assess, while leaving the loan interest rate cap untouched.
LAWRENCEVILLE, Ga.—The used car market is heating up early this year.
WESTLAND, Mich.–A man who found nearly $30,000 outside a credit union here is being hailed for his honesty after he turned the money in.
RALEIGH, N.C.—In its approval of First Citizens BancShares acquisition of Entegra Financial Corp. and its subsidiary Entegra Bank, the Federal Reserve Board found that in several North Carolina banking markets credit unions exerted competitive influences mitigating the anti-competitive effects of the merger, one analyst is asserting.
NEW YORK–Newly released results of a survey conducted by the 12 Federal Reserve Banks offers key insights into what small businesses are reporting when it comes to their financing needs.
LONDON– Mark Carney, the Bank of England governor who plans to step down in March, said the world’s central banks have few tools left to avoid a recession.
PARCHMENT, Mich.–Two Michigan credit unions have announced merger plans. The $30.3-million Riverview Community Credit Union in St. Clair has announced plans to merge into Advia Credit Union pending a vote next month by its members.
ALEXANDRIA, Va. – NCUA has made several changes to its leadership team, the agency announced.
SEATTLE–In one of the most expensive housing markets in the country, a credit union has introduced a loan and other resources to help renters with moving expenses.
