DENTON, Texas—The $12-million Members Choice FCU here has named an interim CEO.
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EDWARDS, Calif.–Edwards FCU here said it will partner with PSCU on card processing services.
GREENSBORO, N.C.–Summit Credit Union said it has merged in Oxford Credit Union under its credit union affiliate program.
TUSCALOOSA, Ala.—Eleven former executives with Alabama One CU here who were let go in a conservatorship have filed a lawsuit claiming they were improperly dismissed by the state regulator.
WASHINGTON—Congress has returned from its summer recess and the actions—or lack of action—it takes could have fallout for credit unions, including those that serve certain federal employees.
WASHINGTON—NAFCU and CUNA have joined with the American Bankers Association and the Independent Community Bankers of America in a letter to Senate leadership urging action on regulatory relief with Congress now back in session.
WASHINGTON–The Federal Financial Institutions Examinations Council has unveiled a plan to simplify regulatory reporting for community banks, but the proposed rules will not apply to credit unions.
NEW YORK–Delinquencies and troubled debt increased 25% over the two-month period ended July 31 at Melrose Credit Union, which primarily makes loans for New York taxi medallions.
FRAMINGHAM, Mass.—Hold on mobile payments, the smartphone market isn’t growing as fast as expected, a new report indicates.
WASHINGTON—While aimed at banks, the FDIC has released guidance that will be of interest to many credit unions, as well.