GLENDORA, Calif.—Mendell Thompson, the president and CEO of America’s Christian Credit Union, has been elected to the Glendora City Council.
Fresh Today
TAMPA, Fla.–Suncoast Credit Union is joining with the National Federation of CDCUs to host a roundtable discussion here titled, “Financial Inclusion for Immigrant Consumers.”
WASHINGTON—The U.S. Department of the Treasury’s State Small Business Credit Initiative (SSBCI) has released a report showing that from 2011 to 2013, Community Development Financial Institutions (CDFIs) made $229.8 million in loans and investments nationwide as part of the SSBCI program.
WASHINGTON—A new study reveals that auto title loans are plagued by the same issues found in the payday loan market—unnecessarily high prices and unaffordable payments that lead to extended indebtedness.
SEATAC, Wash.—After losing money for four of the last five years, the 54-year-old Port of Seattle Federal Credit Union plans to merge into the $1.2-billion Sound Credit Union. The deal still has to be approved by state and federal regulators as well as credit union members.
WASHINGTON—Senate Minority Leader Harry Reid, a long-time credit union supporter, announced Friday he will not seek re-election to a sixth term.
ALEXANDRIA,Va.—The deadline for comments on NCUA’s revised risk-based capital proposal is now 30 days away.
ONTARIO, Calif.—Another credit union lawsuit against Home Depot for the costs of the 2014 data breach may be moving forward.
WASHINGTON—With the April 27 deadline for comments on the second risk-based capital proposal approaching, CUNA is providing new resources to encourage credit unions to weigh in.
WASHINGTON—The Consumer Financial Protection Bureau is considering proposing rules that would end what it is calling “payday debt traps” by requiring lenders to take steps to make sure consumers can repay their loans.