WASHINGTON—The number of banking institutions that are actively servicing accounts for marijuana businesses has grown by nearly 20% since the beginning of the year, according to newly released federal data.
Fresh Today
RALEIGH, N.C. – Constellation Digital Partners said it has released “Boötes,” the third major development milestone for the company following the launch of Aquarius and Aquarius 1.1 earlier this year.
WASHINGTON –NCUA has filed its brief in its appeal of a ruling by the U.S. Court of Appeals for the D.C. Circuit on its field of membership proposal.
ALEXANDRIA, Va.–Overall credit union performance remained robust through the first three quarters of this year, but new data show it’s the CUs of more than $1 billion in assets that continue to fuel the engine, with credit unions with less than $100 million in assets generally showing declines in loans, membership, and net worth over the year.
FORT LAUDERALE, Fla.–There are any number of challenges to credit unions when it comes to complying with the new CECL standard, but one person said there are four key areas a CU should watch.
FORT LAUDERDALE, Fla.–The year 2022 may sound like it’s far off, but it’s anything but when it comes to preparing to comply with the new CECL accounting standard, according to one credit union CFO.
FORT LAUDERDALE, Fla.–Credit union CFOs here were given an update on where NCUA stands with new exam solutions and timing, including a plan under which state chartered CUs would be examined every other year by their state regulator only.
WASHINGTON—Most of the Federal Reserve's 12 districts reported modest to moderate economic growth throughout the U.S., according to the Fed's latest Beige Book data.
WASHINGTON—An NCUA proposal to raise the threshold at which credit unions must obtain appraisals for commercial real estate (CRE) transactions from $250,000 to $1 million would create an unlevel playing field between banks and credit unions, the American Bankers Association (ABA) said in a comment letter to the NCUA this week.
PEARL HARBOR, Hawaii—Seventy-seven years ago today a credit union leader was killed attempting to save the CU’s records during the attack on Pearl Harbor.