SALEM, Ore.–Oregon has updated its Credit Union Act to allow state-chartered credit unions to pay “reasonable compensation” to board members.
Fresh Today
RALEIGH, N.C.–State Employees’ Credit Union is reporting that it delivered $772 million in value to its members during 2014.
LONDON–A new study on recent global cash demand shows that cash demand is increasing more than three times faster than worldwide economic growth rates. The study from the ATM Industry Association looked at year-on-year growth in currency in circulation in a range of 30 countries in advanced and developing economies over a five-year period from 2009-2013.
BIRMINGHAM, Ala./TALLAHASSEE, Fla.–During the first quarter of 2015, membership in Florida CUs passed the five-million mark for the first time, while CUs in Alabama approached two million members, according to the League of Southeastern Credit Unions & Affiliates.
GRAND RAPIDS, Mich.–CU*Answers said it is joining with First United Credit Union in Grandville, Mich. to launch what it says is the first CUSO-to-CU internship program.
CLEMENTS, Minn.–Members of tiny Clements FCU here have voted in favor of merging into SouthPoint FCU.
ORLANDO, Fla.–The operator of a bogus credit union here has pleaded guilty to wire fraud. Samuel J. Cusumano, Jr., 65, pleaded guilty to wire fraud in connection with the fraudulent solicitation of more than $17 million from 400 investors of what was called “Storehouse Credit Union,” which was registered in Sweden.
ARLINGTON, Texas – New student-created artwork has been selected for debit cards offered by Texas Trust Credit Union that have generated significant revenue for local schools.
CHAPEL HILL, N.C.–The typical bank-owned broker dealer generated $239,531 in revenue per BD employee last year, according to the 2014-2015 Kehrer Bielan Bank Broker Dealer Survey released this week.
MONTREAL, Quebec—Two former NCUA board members Friday pulled back the curtains on what goes on behind the scenes at the agency, talking about disagreements between board members, how policy is formed, and whether real regulatory relief is coming for credit unions.