NAPLES, Fla.–Vernon Litigation Group said it has filed a “significant FINRA arbitration claim against CUSO Financial Services” on behalf of a Texas-based credit union member that alleges what it calls a “troubling practice” in the securities industry.
MADISON, Wis.–The CUNA Marketing and Business Development Council has named new members to its executive committee.
TUDIO CITY, Calif.–Court documents filed as part of an alleged $40-million embezzlement by the former CEO of a credit union here offer additional insights into how the fraud was perpetrated, uncovered and investigated.
WASHINGTON–Both the House and the Senate are back in session this week, with a number of hearings scheduled of interest to credit unions.
WASHINGTON—The Department of Labor (DOL) has issued a proposed rule to amend overtime rules under the Fair Labor Standards Act (FLSA).
ARLINGTON, Va.–Two weeks after CUNA went to some lengths to literally illustrate why it differs with NAFCU on one recently introduced piece of legislation, a spokesperson for NAFCU says the group maintains its position and that ultimately both groups are attempting to get to the same place.
WASHINGTON–While housing reform, including addressing the conservatorships of both Fannie Mae and Freddie Mac, has received increased attention from the White House and Congress, one person who recently testified on the issue before the Senate does not expect there will be any related bills passed this year.
HERNDON, Va.–Two Virginia credit unions have announced plans to merge. Members of the $223-million Constellation FCU have voted in favor of merging into Northwest FCU, effective July 1, 2019. The merger agreement had been previously approved by NCUA.
ALBUQUERQUE, N.M. — Nusenda Credit Union has announced its long-time CEO Terry Laudick is stepping down and Joe Christian, who has been with the credit union for 30 years, will take over as interim CEO.
GLENDORA, Calif.– After 42 years of service at America’s Christian Credit Union, including 33 years as president and CEO, Mendell L. Thompson said he will retire effective March 2020.
