ALEXANDRIA, Va.–Credit unions now have the ability, under certain circumstances, to make member business loans without requiring a personal guarantee, NCUA announced today.
Fresh Today
NEW HAVEN, Conn.–A former CU lending manager has pleaded guilty to embezzling more than $800,000.
COLUMBUS, Ohio—An Ohio bankers group has failed in its attempt to prohibit credit unions in this state from using the verb “banking” in any promotional or marketing material.
WASHINGTON—Members of the Senate Small Business Committee debated whether the Labor Department’s proposed rule on overtime pay needs reform or whether more information on its impact is needed.
ARLINGTON—Wendy’s said that an investigation into a credit card breach at the nationwide fast-food chain uncovered malicious software on point-of-sale systems at fewer than 300 of the company’s 5,500 franchised stores, according to KrebsOnSecurity.
DETROIT–Credit unions need to be prepared to compete a bit more aggressively to recruit and retain mortgage lenders.
FENTON, Mich.–Authorities here have yet to decide on how they will dispose of seven properties that once belonged to Michael LaJoice, the former CFO at the now defunct Clarkston Brandon Community Credit Union who is suspected of embezzling as much as $20 million from the CU.
ALEXANDRIA, Va.—NCUA Board Chairman Rick Metsger is initiating a review of the agency’s examination process, beginning with the removal of requirement that all federal credit unions, and all federally insured, state-chartered credit unions with more than $250 million in assets, be examined each calendar year.
CHICAGO–Looking for a regular source of ideas and new ways of approaching issues and resolving problems?
TAMPA, Fla.—Tom Dorety, president and CEO of Suncoast Credit Union, announced that he will retire from the $7.5-billion CU by the end of 2016.