ALEXANDRIA Va.—The NCUA board reiterated today that credit unions should not have to pay any more assessments into the Temporary Corporate Credit Union Stabilization Fund based on the TCCUSF’s current performance.
Fresh Today
NEW YORK—Data through April shows consumer credit default rates have reached historical lows.
WASHINGTON—In advance of today’s Senate Banking Committee mark-up on the “Financial Regulatory Improvement Act of 2015,” NAFCU and CUNA Wednesday each sent letters to the committee expressing support for the legislation.
JACKSONVILLE, Fla.—A new study shows that globally, consumers rate credit unions and community banks significantly higher than banks for service.
NEW YORK—A new study indicates Millennials switch banks twice as often as other demographic groups and are beginning to shift to online-only financial institutions.
ARLINGTON, Va.—While MBL-related legislation currently before Congress would require a credit union to have at least five years of business lending experience to raise its MBL cap, a new study shows that the average time that a CU’s business lending program has been in place is 7.5 years.
WASHINGTON—The CFPB Wednesday introduced a “Financial Coaching Initiative,” a program that targets recently transitioned veterans and economically vulnerable consumers to help them with their financial goals.
NEW ORLEANS—The CUNA CFO Council presented its first-ever CFO Professional of the Year Award to Vincent J. Market, EVP and CFO with TruMark Financial Credit Union in Trevose, Penn.
MADISON, Wis.—Michael Valentine, CEO at Baxter Credit Union in Vernon Hills, Ill., has been appointed to the CUNA Mutual board of directors.
NEW CASTLE, Del.–Two board members were elected to serve on the board of the Delaware Credit Union League at the League’s 57th annual meeting.