WASHINGTON—The minutes of the Federal Open Market Committee’s July meeting show divisions within the committee on how plans to raise interest rates should be tied to data.
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SAGINAW, Mich.—The Michigan Department of Insurance and Financial Services has placed Valley State CU here into conservatorship, according to an order issued by the DIFS.
MADISON, Wis.–CUNA Mutual Group said it is helping credit union members better meet their financial goals with the launch of MEMBERS Horizon – a variable annuity combining market-driven growth potential with personalized risk control to safeguard against dramatic market fluctuations.
WASHINGTON—NCUA Chair Rick Metsger told CUNA that the agency has begun the process of consulting “industry practitioners” to assist in the transition as credit unions work to implement the new current expected credit loss (CECL) accounting standard, the trade association reported.
BROOKFIELD, Wis.–Mark Sievewright, president, Credit Union Solutions with Fiserv, will be stepping down in spring 2017 after 11 years at the company due to personal business interests.
NAPERVILLE, Ill. and PLANO, Texas–Alloya Corporate FCU and Catalyst Corporate FCU reported they have formed a strategic partnership to ensure that credit unions across the United States can continue to offer check writing and check deposit services to their members “well into the future.”
MUSKEGO, Wis.–InterLutions, Corporate Central Credit Union’s wholly owned CUSO, has released an online video campaign that introduces what it calls a “revolutionary group medical program just for credit unions,” I-Care.
ONTARIO, Calif.–The California and Nevada Credit Union Leagues reported they have partnered with education technology company EverFi to bring digital financial education to 70 member credit unions and the communities they serve.
DAVIE, Fla.–Brightstar Credit Union here has selected FMSI’s Omnix Staff Scheduler, Omnix Interactive Dashboard and Omnix Performance Analytics solutions.
LA GRANDE, Ore.—The $30-million Union Wallowa Baker FCU here has announced plans to merge into $130-million Old West Federal Credit Union, based in John Day, Ore.