DENVER—Steve Schmidle has resigned from his role as president and CEO of the $2.1-billion Westerra CU, the credit union announced.
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WASHINGTON— The CFPB has ordered international remittance company Wise to pay nearly $2.5 million for a series of “illegal” actions, including advertising inaccurate fees and failing to properly disclose exchange rates and other costs, the CFPB said.
WASHINGTON—America’s Credit Unions and league leaders met with key policymakers this week to emphasize the credit union difference as Congress considers tax reforms, ACU reported.
DALLAS—The 2025 NACUSO Next Big Idea Competition is now accepting applications, the organization announced.
PHOENIX—The Arizona has advanced the Arizona Strategic Bitcoin Reserve (SBR) Act (Senate Bill 1025) out of committee, positioning it to become the first U.S. state to vote on legislation that would authorize investing state funds in Bitcoin, Bitcoinist reported.
ELIZABETHTOWN, Tenn.—Two credit unions have announced leadership moves.
BURBANK, Calif. –The $1.45 billion Farmers Insurance FCU has named Mirella Reznic CEO.
WASHINGTON—Leaders of the House Financial Services Committee are being asked to ensure the committee adopts policies that support both credit unions and community banks as the HFSC prepares to hold a hearing next week titled, “Make Community Banking Great Again.”
WASHINGTON—NCUA has an updated proposal for new reporting requirements on the maturity distribution of total uninsured shares and deposits to Call Reports. America’s Credit Unions shared concerns about additional expenditure of staff and financial resources this move would require in a letter to the agency.
GOLDEN, Colo.—Well-known credit union cannabis banking pioneer, Sundie Seefried, plans to retire from her role as CEO of Safe Harbor Financial at the close of February, the organization said.