TYSONS, Va.– PenFed Credit Union has introduced a new marketing campaign themed "Better Together," which emphasizes what PenFed says is its unique blend of credit union perks with large financial institution benefits.
Fresh Today
DENVER—The Colorado State Banking Board has denied the sale of a Colorado community bank to one of the state’s largest credit unions.
MADISON, Wis.–Credit union loan balances were up just 6.2% over the 12 months ending in November 2019, below the 7.2% long-run average, are volume is expected to slow to 5.5% in 2020, according to CUNA Mutual’s latest Trends Report.
ALEXANDRIA, Va.–The NCUA board will discuss a proposed rule that would allow some federally insured credit unions (FICUs) to count subordinated debt as capital for risk-based net worth purposes when it meets Jan. 23.
NEW YORK–The nation’s biggest banks saw big profits during 2019. JPMorgan Chase, the country’s largest bank, reported record profits, while Citigroup posted its best results since before the 2008 financial crisis. But a new survey of analysts also forecasts numerous challenges ahead for banks.
DENVER–The Colorado State Bankers Association is challenging plans by a credit union to purchase a bank, while one state away another CU announced it is acquiring two bank branches and the related books of business.
NEW CASTLE, Penn.–First Choice FCU has filed a class action lawsuit against the convenience store WaWa following its recent data breach.
WASHINGTON—NAFCU has shared concerns about the effects of the current expected credit loss (CECL) standard on credit unions in a letter sent to the House Financial Services Committee's Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets.
Crime Blotter: Bogus Deposit Ring Busted; Ex-Teller Sentenced; Former Fannie Mae Exec Headed to Jail
DAVENPORT, Iowa––A crime ring that made bogus deposits has been busted in Iowa, a former teller has been sentenced to prison for embezzlement, and a former Fannie Mae employee who used duffel bags full of cash as part of a multi-million-dollar fraud and kickback scheme is also on her way to jail.
ST. LUCIE, Fla.–The spring training home of the New York Mets and regular-season home of the St. Lucie Mets, New York’s Advanced-A minor league affiliate, will have a new name as Spring training gets underway this year.