WASHINGTON—One hundred and fifteen million Americans have chosen to become member-owners of a not-for-profit credit union because credit unions put members ahead of profit, CUNA Chief Advocacy Officer Ryan Donovan wrote to Congressional offices.
Fresh Today
PURCHASE, N.Y.—Retail sales this holiday season are expected to be strong—a continuation of the same, solid performance seen throughout 2019.
WASHINGTON—Senior loan officers are reporting “strong loan demand” but also tighter underwriting standards, particularly for subprime applicants, according to the Federal Reserve’s third-quarter senior loan officer opinion survey (SLOOS).
ALEXANDRIA, Va.–NCUA will host its first annual Credit Union Diversity, Equity, and Inclusion Summit today at the Westin Old Town here.
WINSTON-SALEM, N.C.–Truliant Federal Credit Union has agreed to give BB&T Corp. and SunTrust Banks Inc. more time to respond to a trademark-infringement lawsuit, but the credit union remains firm in its conviction the banks need to find a new name.
LOUISVILLE, Ky.–The former vice president of a credit union that serves police officers here who earlier pleaded guilty to a scheme to stealing more than $3 million has been sentenced to 11 years in prison.
NEW YORK–A New York State judge has entered a plea of not guilty to charges that involve her role on a credit union board of directors in a case in which prosecutors are also raising questions about her attorney.
ACCRA, Ghana—Two members of the World Council of Credit Unions’ board have made history by becoming the first WOCCU board members to ever visit Ghana, the West African nation that is home to nearly 600 credit unions.
MONTEREY, Calif.–A number of individuals and were recognized for their achievements during the recent REACH Conference sponsored by the California and Nevada Credit Union Leagues.
ALEXANDRIA, Va.—Credit unions that participate in U.S. Small Business Administration programs or that are interested in those programs are being urged to participate in a Nov. 13 webinar hosted by the SBA and NCUA.