ALEXANDRIA, Va.—The NCUA board Thursday unanimously approved its member business lending final rule, and in doing so Chairman Debbie Matz stated that a “new era” begins for NCUA as a regulator and for credit unions as business lenders.
Fresh Today
ALEXANDRIA, Va.–Never has a 3-0 vote been so divided. While all members of the NCUA board voted in favor of the agency’s revised Member Business Lending proposal, the vote only came after strong disagreements and bickering between not just NCUA Chairman Debbie Matz and board member Mark McWatters—who often clash—but this time Vice Chairman Rick Metsger was also involved.
ALEXANDRIA, Va.—At NCUA’s board meeting Thursday, the agency shared insights into how state member business lending rules will be addressed via the new rule.
WASHINGTON—Credit union trade associations have reacted positively to the approval of NCUA’s final MBL rule, with NAFCU and CUNA hailing the reg as a big victory for credit unions, while NASCUS saying it will remain to be seen if the “proof is in the pudding.”
PARCHMENT, Mich.—The $1.2-billion Advia CU here has announced plans to acquire Mid America Bank in Janesville, Wis.
WASHINGTON–When CUNA kicks off its Governmental Affairs Conference (GAC) this weekend, CO-OP Financial Services will present a hands-on, experiential display outlining how credit unions can achieve “Growth Through Purpose” by updating their traditional commitment to helping people.
WASHINGTON–Perhaps in keeping with the weather, new-home construction in the U.S. unexpectedly cooled off during January, with the Commerce Department reporting that housing starts dropped 3.8% to a 1.1 million annualized rate.
WASHINGTON–While housing starts slowed, total mortgage applications were up 8.2% on a seasonally adjusted basis last week from the previous week, according to the Mortgage Bankers Association.
CEDAR RAPIDS, Iowa–Collins Community Credit Union has named a new CEO effective April 1.
MUSKEGO, Wis. – Interlutions has launched its first product, I-Care, which is designed to help credit unions manage the challenges of providing healthcare, including sustainable coverage for CUs with 50 or more covered employees.