TAMPA, Fla.—Kevin Johnson has been named president and CEO of Suncoast Credit Union, succeeding Tom Dorety, who announced in May that he will retire at the end of 2016 after leading the CU for 20 years.
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WASHINGTON—The House has passed a bill aimed at improving safeguards for seniors. NAFCU and CUNA, which have supported the legislation, had written House leaders ahead of the vote urging their support for the measure.
BLOOMINGTON, Ind.—The $874-million IU Credit Union here has selected the Omnix Lobby Tracker solution from Atlanta-based FMSI.
WASHINGTON—NAFCU and CUNA have each sent letters to the Federal Financial Institutions Examination Council regarding a proposed revision to its rating system that would require CFPB to provide a separate composite rating for all credit unions with assets of more than $10 billion.
WASHINGTON—The CFPB and the Department of Justice have announced a joint action against BancorpSouth Bank for alleged discriminatory mortgage lending practices that harmed African Americans and other minorities.
ORLANDO–FAIRWINDS Credit Union will be the anchor tenant in a new $81-million, mixed-use tower being planned for downtown Orlando, and will have naming rights to the structure.
NASHVILLE—When internal fraud is detected at the credit union, the first thing the board SHOULD NOT do is contact the regulator.
LAWRENCEVILLE, Ga.—Black Book is advising lenders to pay close attention to the values of sub-compact and compact cars as they underwrite new loans, saying that the future does not look bright for the retention values of these two car segments.
IRVINE, Calif.—A list of the 20 most expensive places for renters-by-choice has been released by HomeUnion.
WASHINGTON–A somewhat unexpected trend is putting pressure on rental prices: Baby Boomers and others aged 55 or older, including several million current homeowners, are now moving into rental units, according to Freddie Mac.