KINGSTON, Jamaica–Community and Workers of Jamaica (C&WJ) Co-operative Credit Union is about to become the largest credit union in this country by assets following its merger with the St Elizabeth Co-operative Credit Union (STECCU).
Fresh Today
WASHINGTON–NCUA should raise the assets threshold for its extended exam cycle to $3 billion, CUNA said in a comment letter. Doing so would bring parity to credit unions with banks, which recently saw an increase in the assets threshold to that level as part of the recently enacted regulatory relief bill, S. 2155.
ALEXANDRIA, Va.–NCUA has offered an update on where its Automated Cybersecurity Examination Tool (ACET) stands.
WASHINGTON—The Bureau of Consumer Financial Protection has issued a rule to implement and clarify the requirements of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155) pertaining to the Home Mortgage Disclosure Act (HMDA).
COLUMBUS, Ohio—Corporate One Federal Credit Union has announced a new president and CEO. Melissa A. Ashley has been named to lead the organization, succeeding the retiring Lee C. Butke.
ALEXANDRIA, Va.—NCUA has published a new supervisory letter (SL-18-01) that addresses compliance with the new Bank Secrecy Act (BSA) customer due diligence (CDC) and beneficial ownership rules.
WASHINGTON—State banking supervisors have sent a letter asking congressional leaders “to consider legislation that creates a safe harbor for financial institutions to serve state-compliant [marijuana] business, or entrusts sovereign states with the full oversight and jurisdiction of marijuana-related activity.”
MUSKEGO, Wis.–To help credit unions prepare for International Credit Union (ICU) Day, Corporate Central Credit Union has created four short videos it said credit unions can use as lead-ups to ICU Day celebrations.
KALAMAZOO, Mich.–Credit unions across the country have announced all manner of sports tie-ins, but one CU here found itself the subject of some negative attention on a national broadcast as the result of its sponsorship.
MADISON, Wis.–Beginning Sept. 14 credit unions in 45 cities will begin offering Saver’s Sweepstakes, a program that rewards participating credit union members in Wisconsin and Minnesota for saving by automatically entering them to win cash prizes.