DALLAS–ALM First Financial Advisors has announced structural changes in its ownership and management.
Fresh Today
NEW YORK—The New York State Department of Financial Services Friday took possession of Montauk Credit Union here, and appointed NCUA as conservator.
NCUA said it placed Bethex into conservatorship to enable the credit union to “continue regular operations with experienced management in place and correct previous operational weaknesses.”
MADISON, Wis. – The CUNA board has opted not to accept recommendations made by a task force and voted to make no change in the current membership structure in which a credit union belongs to both its state league and CUNA itself. Moreover, the CUNA board has also opted to maintain its current 24-member size.
WASHINGTON–Dixies FCU President and CEO Scott Eagerton testified before Congress that the “overwhelming tidal wave” of regulations, especially in the wake of the Dodd-Frank Act, is hurting credit unions and, as a result, their members.
ALEXANDRIA, Va.–While the NCUA board voted 3-0 to raise the definition of “small” credit union to $100 million in assets, as CUToday.info reported here, that didn’t keep two of the board members from debating a point in the lead-up to that vote.
ALEXANDRIA, Va.—By a 3-0 vote the NCUA board Thursday approved a final rule to raise the definition—and Regulatory Flexibility threshold—for small credit unions to $100 million.
ALEXANDRIA, Va.—During NCUA’s open board meeting Thursday, the agency approved Charlotte Metro FCU’s request to expand its community charter—and in doing so announced that the CU may be the one of the last community charter applications to require NCUA board approval.
WASHINGTON—The FTC has taken action against operators of a fraudulent debt collection scheme who collected millions in “phantom” payday loan debts.
WASHINGTON—A new study indicates that most Americans use traditional bank and credit union savings accounts to save and save automatically—however, those under age 25 are less likely to choose CU for savings.