Fresh Today

Fresh Today

NEW YORK—The National Federation of Community Development Credit Unions and EPL have finalized an agreement on the development of CU Impact, a shared banking platform specifically designed to help credit unions deliver affordable financial services to low-income consumers in underserved communities.

MADISON, Wis.—CUES reported a new group of CU executives has completed its Mergers & Acquisitions Institute. Attendees of the graduate-level program learned directly from distinguished University of Chicago Booth School of Business faculty.

NEW YORK—It’s mortgages (again) to the rescue of the earnings of numerous major banks, although overall profits are down from one year earlier. JPMorgan Chase & Co., Wells Fargo & Co., and Citigroup Inc. reported they originated $94 billion worth of new mortgages during the second quarter in their core mortgage operations, an increase of $23 billion, or 31%, over the first quarter, according to Reuters.

MCGREGOR, Texas–Rocket Federal Credit Union has named Terry Sloan as its new president/CEO effective Monday, Aug. 15, 2016.

MADISON, Wis. – The seven international Credit Union Development Educator (DE) programs, in partnership with World Council of Credit Unions, announced that 17 people have received their International Credit Union Development Education (I-CUDE) designation.