NEW CASTLE, Del.–The Delaware Credit Union League (DCUL) said it has voted to merge into the Cooperative Credit Union Association (CCUA), according to DCUL President/CEO Patrick Mahaney. The Massachusetts-based Cooperative CU Association represents CUs in that state, as well as Rhode Island and New Hampshire.
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SALEM, Ore–Oregon Gov. Kate Brown signed has signed HB 4094 into law, which the Northwest Credit Union Association called an "important first step" for credit unions looking to provide financial services to legal marijuana businesses.
RANCHO CUCAMONGA, Calif. – CO-OP Financial Services has announced a patronage (shareholder dividend) pool of $53.3 million for 2015, which it said is the highest annual dividend ever recorded by a CUSO for its owner credit unions.
CARBONDALE, Ill.—The $307-million SIU Credit Union said its CEO, Dennis Schaefer, has tendered his resignation and will retire effective April 15, 2016.
ASPEN, Colo.–A former CU employee who stole nearly $60,000 from member accounts in 2013—including from accounts belonging to the mayors of Aspen and Marble, Colo.–has been sentenced to over three years in a halfway house.
BROOKFIELD, Wis.–Fiserv has announced that Cuscal Ltd., a provider of end-to-end payments solutions in Australia, has chosen Integrated Currency Manager, Device Manager and Terminal Connect from Fiserv.
WASHINGTON—Representatives from NAFCU, CUNA and the National Credit Union Foundation made their way to Capitol Hill Tuesday to be part of 2016 Financial Literacy Day and to share the benefits of credit unions with those in attendance.
MADISON, Wis.–Saying it is “littered with anti-credit union arguments made by bank trade associations,” the World Council of Credit Unions has sent a comment letter strongly opposing the Basel Committee on Banking Supervision’s Core Principles of Effective Supervision of Financial Inclusion proposal.
WASHINGTON–The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac completed 47,769 foreclosure prevention actions in the fourth quarter of 2015, bringing the total number of foreclosure prevention actions to over 3.6 million since the start of the conservatorships in September 2008.
LAS VEGAS–Credit unions and CUSOs fixated on the Ubers and Airbnbs of the world as the next threat in payments are likely looking in the wrong places, according to one analyst.