WASHINGTON—The Financial Accounting Standards Board (FASB) is requesting feedback by Sept. 19 on its proposed update to the current expected credit loss (CECL) effective date for non-public business entities, including credit unions.
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WASHINGTON–In response to a number of recent attacks by bankers on the credit union tax exemption, NAFCU President Dan Berger questioned what banks are doing to ensure they don’t cause another recession, and called the bank strategy of “making credit unions the scapegoat” transparent and hollow.
MADISON, Wis.— Enrollment is now open for the new 2019 memberships from CUES, with the association saying signing up now means increased savings and early access to its new and improved benefits.
RIVERSIDE, Calif.–Altura Credit Union has launched an Emergency Loan Program for people impacted by recent wildfires, including non-members.
ALEXANDRIA, Va.–NCUA is inviting credit unions to participate in the first-ever Financial Regulatory Agencies’ Diversity and Inclusion Summit, set for Thursday, Sept. 13, in New York City.
PUNE, India—Following an FBI warning to financial institutions about an upcoming ATM cash-out scheme, India-based Cosmos Bank disclosed that on Aug. 11 hackers stole nearly $2 million in fraudulent bank transfers and $11.5 million in authorized ATM withdrawals, according to Krebs on Security.
FORT LAUDERDALE, Fla.–A candidate for agriculture commissioner in Florida said Wells Fargo has closed her campaign’s accounts citing her support for medical marijuana.
MADISON, Wis. – CUNA Mutual AdvantEdge Analytics announced it has signed four more credit unions and will now partner with each to build their data analytics strategy to “deliver better member insights and digitally transform the member experience.”
LOUISVILLE, Ky.—Park Community Credit Union here said it has agreed to become the “Official Credit Union” of Bellarmine University as well as the “Official Partner” men's basketball and Bellarmine athletics.
WASHINGTON—Touting the financial literacy and community outreach efforts of credit unions, NAFCU Vice President of Legislative Affairs Brad Thaler has written to senators to highlight the credit union industry’s “deep commitment” to their members' financial well-being.