ALEXANDRIA, Va.–Today is the deadline for comment on NCUA’s member business lending proposal. The proposal includes a number of components that have already drawn comment from the major trade associations.
Fresh Today
CHICAGO–Just one week after being announced, 41 credit unions have now signed on to participate in the CUToday for a Better Tomorrow initiative.
TUSCALOOSA, Ala.–The Alabama CU Administration said it will not be appointing an interim CEO at Alabama One Credit Union, which it took over via conservatorship late last week, and instead will manage the credit union itself.
ARLINGTON, Va.—NAFCU is asking the Treasury to look closely at how mounting regulatory burden and the emergence of online lenders are impacting credit unions’ ability to lend to their members.
JACKSON HOLE, Wyo.—The vice chairman of the Federal Reserve has indicated that the central bank may still go ahead and raise the benchmark interest rate at its next meeting in September.
HOUSTON—Smart Financial Credit Union has named Larry Seidl as its new CEO, effective Jan. 1. On Dec. 31, CEO Gary Tuma is retiring.
CARLISLE, Penn.—An alert teller here spared two elderly members from being ripped off by scammers. The teller at Cornerstone FCU encountered the elderly members who were described as “distraught,” according to a report first published in the newsletter of the Pennsylvania CU Association.
NASHVILLE, Tenn.–Navy Federal Credit Union is reportedly looking to this market for branch expansion.
MINNEAPOLIS—MEMBERS Development Co. is marking its 15th anniversary, and the CUSO, which focuses on research and developments, said it is focused on growing its ownership base and communicating its role within the industry.
WASHINGTON—Banks and credit reporting companies are the most complained about financial services companies, according to a new report.