ONTARIO, Calif.–With ballots now out to CUNA’s membership on the issue of CUNA/league membership choice, the California and Nevada CU Leagues have become the latest to vote in favor of giving their members the option of joining the league, CUNA or both.
Fresh Today
SCHAUMBURG, Ill.—U.S. automotive loan balances climbed 11.5% to reach $987 billion in the fourth quarter of 2015—fueled in large part by credit unions—according to Experian Automotive’s most recent State of the Automotive Finance Market report.
WASHINGTON—If President Barack Obama’s nomination of NCUA Board Member Mark McWatters to serve on the board of the U.S. Export-Import Bank is confirmed by the Senate, McWatters—as he is on the current NCUA board—will be the lone Republican.
ARLINGTON, Va.—NAFCU President and CEO Dan Berger and staff met with CFPB Acting Deputy Director David Silberman Tuesday to discuss top credit union regulatory concerns and NAFCU’s suggestions for overdraft and payday lending, among other issues.
ERIE, Penn.–The former CEO of Oil Country FCU here has pleaded guilty to embezzlement.
SOUTHFIELD, Mich.–Credit union directors have in a multitude of cases missed embezzlements by management in their credit unions, including most recently in this state where a former CFO has allegedly confessed to taking more than $20 million over a 12-year period.
DALLAS—CalyxSoftware reported it has developed separate versions of its Pricer Product & Pricing Engine for portfolio lenders with their own rate sheets (Custom Pricer) and originators looking for investor pricing supplied by Calyx (Investor Pricer).
OLYMPIA, Wash.–Washington Gov. Jay Inslee offered a strong endorsement for credit unions while speaking to the Northwest Credit Union Association’s Credit Union Day at the Capitol.
BATTLE CREEK, Mich.–Battle Creek Area Community CU has converted to the CU*Base data processing system from CU*Answers.
JACKSONVILLE, Fla.–VyStar Credit Union’s website has been flashing error messages following an update this week, although problems have reportedly not been widespread.