LONGVIEW, Texas—Thomas Kirkindoll, former CEO of East Texas Professional Credit Union here, has passed away. Kirkindoll, 76, died from cancer.
Fresh Today
WASHINGTON—Trade groups representing both banks and credit unions have sent a letter to the Senate expressing “strong support” for an amendment proposed by Sen. Mike Crapo (M-ID) to the Senate Budget Resolution for Fiscal Year 2016 that will establish a deficit-neutral reserve fund to end the Department of Justice “Operation Choke Point.” The amendment passed in a committee by a 13-9 margin.
ALEXANDRIA, Va.—The NCUA board has voted in favor of putting out for 30-day comment a proposal to do away with the 5% of assets cap on ownership of fixed assets by federal credit unions.
WASHINGTON—A new study shows that the major card issuers are getting ready for EMV, but the status of retailers is still up in the air.
NEW YORK—Consumer default rates continue their slow, steady march higher.
MONTGOMERY, Ala.—Members of MAX Credit Union are claiming an employee of the $1.1-billion CU shared a member’s personal information on Facebook, and they are demanding answers.
WASHINGTON–Several more credit union-supported pieces of legislation have been introduced in Congress. Rep. Ed Royce (R-CA) reintroduced the Credit Union Residential Loan Parity Act, which has the backing of CUNA.
WASHINGTON—Rep. Mike McCaul (R-TX), chairman of the House Homeland Security Committee, said he will introduce legislation that will offer incentives to businesses to share cyberthreat information with the federal government.
VIRGINIA BEACH, Va.—Ron Burniske, CEO of Chartway FCU, has announced he will retire Aug. 1.
NEW YORK—Small business lending approval rates at credit unions improved slightly in February, according to the Biz2Credit Small Business Lending Index.