ALEXANDRIA, Va.–You’re not reading this article in a physical newspaper, and that’s all you need to know about why credit unions need updated field of membership rules, according to NCUA Chairman Rick Metsger.
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ALEXANDRIA, Va.–In addition to passing new field of membership rules, the NCUA board has also put out for comment a propsed rule that would make even more changes.
WASHINGTON–Saying NCUA has again demonstrated its “credit union industry cheerleading status,” the Independent Community Bankers of America has expressed what it is calling “strong opposition” to NCUA’s newly passed field of membership rule.
WASHINGTON—NCUA’s revised field of membership rules will provide CUs with greater growth flexibility, say CUNA and NAFCU, which are looking closely at additional changes the agency has proposed for its FOM rules.
LAWRENCEVILLE, Ga.–In what is not a good sign for used vehicle values, activity at auto auctions is slowing, revealing a large supply of used cars and trucks on dealer lots.
ALBUQUERQUE, N.M. — Two very large credit unions here have announced plans to merge, making this market home to a number of very large CUs.
COLUMBIA, S.C./RALEIGH, N.C.—Within the past week the Carolinas Credit Union Foundation has received more than 400 disaster relief aid grant applications from credit unions. Due to the limited resources of its disaster relief fund, the Foundation is suspending acceptance of applications, effective Oct. 26.
ARLINGTON, Va.—Violating Financial Crimes Enforcement Network (FinCEN) anti-money laundering rules can be costly, NAFCU is reminding credit unions.
DES MOINES, Iowa–TMG is reporting it has begun the implementation of instant-issue EMV cards for its clients.
PLANO, Texas–The Cornerstone Credit Union League and America’s Credit Union Museum report they are raising funds to honor Dick Ensweiler by naming the new research library at the museum The Ensweiler Research Library.