WASHINGTON—The Financial Accounting Standards Board (FASB) has issued a final update to clarify the effective date for its current expected credit loss (CECL) standard.
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WASHINGTON–The Federal Reserve said that in 2019 it will review its strategies, tools and communication practices it uses to pursue its congressionally assigned mandate of maximum employment and price stability.
WASHINGTON—NAFCU has joined ten other trade associations representing servicemembers, foreign service officers, federal employees, Realtors and moving companies in sending a letter to Senate leadership urging them to advance S.998, the Moving Americans' Privacy Protection Act, which would help protect personal information of American servicemembers and foreign service personnel who are moving back into the United States from overseas.
ALBANY, N.Y.–CAP COM Federal Credit Union is partnering with Hannaford Supermarkets to feed 350 families this Thanksgiving. For the past six years, Hannaford Supermarkets has generously supported the CAP COM Cares Foundation’s Sharing the Harvest Thanksgiving program, the credit union said.
WASHINGTON—Federal Reserve Vice Chairman of Supervision Randal Quarles finished the regulator's semiannual report to Congress in testimony before the Senate Banking Committee, during which a number of issues that impact credit unions were brought up, including the current expected credit loss (CECL) accounting standard, tailoring regulations and regulators' accountability, among others.
PEACHTREE CORNERS, Ga.–Alogent, a provider of end-to-end enterprise payment processing, content management, and digital account opening solutions, said it has partnered with SavvyMoney to enable easy and affordable access to SavvyMoney’s credit score solution.
MADISON, Wis.—Summit Credit Union has announced a $2.3-million patronage dividend for its members as a part of its Cash Boomerang program.
WASHINGTON–CUNA has sent two comment letters to the Federal Housing Finance Agency.
GRAND RAPIDS, Mich.–CU*Answers has announced a third year-long initiative, this time a research project involving credit union leaders, business developers, and tactical units working to design strategies and tactics for the future of online and mobile tools for credit union members.
LOS ANGELES—Two credit unions serving universities that are icons in college football have again placed a wager related to an upcoming game between their two teams.