NELSON, B.C.–For the sixth year in a row, Nelson & District Credit Union (NDCU) supported the Nelson Electric Tramway Society (NETS) by offering free rides on Streetcar #23 and admission to the Trolley Barn Museum on Canada Day.
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WATERLOO, Iowa–A former credit union employee has been arrested for allegedly stealing money from the CU’s vault and removing funds from member accounts.
GAINESVILLE, Fla.–My Healthcare FCU has named a new CEO.
WASHINGTON—NAFCU thanked Treasury Secretary Steven Mnuchin for issuing a recent report containing many regulatory relief provisions and outlined some of these measures and their importance to the credit union community.
ALBANY, N.Y.—The New York State Department of Financial Services is investigating digital currency companies, noting its decision in its 2016 Annual Report, the Econo Times reported.
FRANKFURT, Germany—The European Central Bank (ECB) plans to establish an instant payment system across the eurozone allowing consumers and firms to send money within seconds.
WASHINGTON—A House subcommittee cleared a spending bill last week that does include some regulatory relief provisions found in the House-passed Financial CHOICE Act, but also reduces funding for the Community Development Financial Institutions Fund and eliminates it for the NCUA's Community Development Revolving Loan Fund.
WASHINGTON—Natasha Merz, VP of commercial lending for Langley FCU in Newport News, Va., testified before the House Small Business Subcommittee last week that Small Business Administration 504 loans should be exempt from the credit union member business lending cap.
WASHINGTON–Federal Reserve Chairman Janet Yellen said in remarks that she believes U.S. banks are “very much stronger” and that another financial crisis isn’t likely in the near future.
WASHINGTON–The Fed may be pushing rates up, but the 30-year mortgage rate average has declined to new lows for 2017.