PORTLAND, Ore.—A new report is critical of Oregon credit unions’ mortgage lending to people of “modest means,” but the Northwest Credit Union Association is dismissing both the report and the basis for its claims. The same report also lists the compensation packages of some Oregon CU CEOs and claims that large CUs are “indistinguishable from community banks.”
Fresh Today
CINCINNATI—A unique merger with a significant amount of credit union history is being completed here.
SALT LAKE CITY—A record $10.750 million was raised by more than 3,000 credit unions nationally during 2014 for local Children's Miracle Network Hospitals in 2014.
PRINCETON JUNCTION, N.J.–The EMV Migration Forum has issued a white paper that aims to provide guidance for ATM owners and issuers who are contemplating implementing PIN change at the ATM as part of, or subsequent to, the move to EMV.
COLORADO SPRINGS, Colo.—Ent FCU has entered into a 15-year, $12.6-million agreement with the University of Colorado at Colorado Springs to receive naming rights for a soon to be constructed visual and performing arts center at the university.
MADISON, Wis.—For one day only credit unions were urged to download a special research report that really got to the bottom of how dress codes affect sales.
ALEXANDRIA, Va.—NCUA said that it continues to work toward “excellence in supplier diversity” and during 2014 increased the total dollars awarded to minority- and women-owned businesses by 49%.
ARLINGTON, Va.—NAFCU Services Corp. has issued a call for entries for the Preferred Partner Innovation Awards, an annual competition recognizing outstanding innovations that NSC said seek to help credit unions thrive in an increasingly saturated financial services market.
MADISON, Wis.—Checking account charges continue to be credit unions’ largest fee producer, accounting for slightly more than 40% of their overall fee revenue—a percentage that is up moderately from two years ago.
ALEXANDRIA, Va.—No fooling. April 1 marks the beginning of National Financial Literacy Month, and credit unions, their trade associations and even their regulator have a number of related initiatives in place. CUToday.info will have coverage throughout the month.