HAUPPAUGUE, N.Y.–Robert Allen, the long-time CEO at the $7.2-billion Teachers FCU here, has announced plans to retire at the end of May.
Fresh Today
AUSTIN, Texas—The Texas Credit Union Department is expressing concern over early-stage delinquencies among CUs in this state.
MADISON, Wis.–Can’t make it to the Bahamas for the World Credit Union Conference? The meeting can now come to you, minus the sand and surf.
ARLINGTON, Va.—NAFCU has expressed its general support for NCUA's proposed rulemaking on supervisory committee audits and verifications, thanking the agency for its "commitment to providing supervisory committees flexibility in performing their audit duties."
WASHINGTON—The Financial Accounting Standards Board (FASB) has issued an update with amendments to the current expected credit loss (CECL) standard.
WASHINGTON—CUNA has updated its Military Lending Act (MLA) credit card fee spreadsheet for the first quarter of 2019.
ANAHEIM HILLS, Calif.–Two California CUs have announced a merger. The $29.5-million Cedars-Sinai FCU will merger into the $1.5-billion Credit Union of Southern California (CU SoCal) effective May 1.
SEOUL, South Korea—South Korea’s Financial Services Commission (FSC) has announced the first participants of its recently launched financial regulatory sandbox.
SOUTH BEND, Ind.–Teachers Credit Union here has announced the acquisition of New Bancorp, Inc., the holding company for New Buffalo Savings Bank.
WASHINGTON–The Senate has scheduled a hearing for next week on the job being done by federal financial regulators, but no regulatory agencies will be among those testifying.