HANSCOM AFB, Mass.–Members of the $17-million Touchstone FCU have approved a merger into the $1.1-billion Hanscom FCU here. The merger will be effective April 1, 2017.
Fresh Today
TALLAHASSEE, Fla./BIRMINGHAM, Ala.–The League of Southeastern Credit Unions and Affiliates said it has joined with the National Federation of CDCUs to support the Juntos Avanzamos (Together We Advance) program. The goal of Juntos Avanzamos is to empower U.S. born and immigrant Hispanics.
OAKLAND COUNTY, Mich.–Members of MSU Federal Credit Union saved members $11.87 million in interest on loans by refinancing high-rate loans held by other financial institutions during 2016, the credit union said.
SAN FRANCISCO–The University of San Francisco (USF) Athletics Department and Provident Credit Union said they have entered into a multi-year sponsorship deal.
OKLAHOMA CITY, Okla.–Legislation that seeks to hold merchants accountable for data breaches has cleared its first legislative hurdle in the Oklahoma legislature.
RANCHO CUCAMONGA, Calif.—CO-OP Financial Services is expanding its presence at next week’s GAC gathering beyond the exhibition floor with the CO-OP Networking Lounge, which will include presentations on Monday and Tuesday on fraud trends and faster payments.
NEW YORK–The total amount of debt held by American households climbed in 2016 by the most in a decade and is approaching an all-time peak, according to a new report from the Federal Reserve Bank of New York.
WASHINGTON—House Financial Services Subcommittee Chairman Bill Huizenga (R-MI) has reintroduced legislation that would clarify the definition of points and fees under the Truth in Lending Act as applied through the CFPB’s qualified mortgage rule.
WASHINGTON—NAFCU, CUNA and nine other trade groups, have asked for a comment period extension to April 10 on a rulemaking petition that would reverse the Federal Communications Commission’s interpretation that those who knowingly release their phone numbers have given consent to be called under the Telephone Consumer Protection Act.
PORTLAND, Maine–The Maine Credit Union League and subsidiary company Synergent said they have selected Todd Mason to lead the organizations as their president/CEO to succeed the retiring John Murphy.