CINCINNATI—Signs continue to point to an expanding leasing market, according to analysis by one firm.
Fresh Today
COSTA MESA, Calif.—A new study shows that female small business owners have slightly lower credit scores than their male counterparts.
ST. PAUL, Minn. – Legislation has been introduced in the Minnesota legislature that would allow credit unions in the state to offer prize-linked savings accounts. The legislation has the backing of the Minnesota CU Network.
TUSCALOOSA, Ala.—A member of Alabama One Credit Union here has gathered a sufficient number of signatures on a petition to be added to the ballot in the credit union’s upcoming board elections. Jerry Logan’s name will appear on the ballot, as will the names of three incumbent board members—Larry Sexton, Richard Powell and Danny Harrell.
NEW YORK—The Finest Federal Credit Union, which just was approved for a charter to serve the New York City Police Department, has signed with CU*Answers to use its CU*BASE core solution. CU*Answers’ “Starting a Credit Union with CU*Answers” program provides free CU*BASE data processing services to new credit unions for an initial two-year period.
FERNDALE, Mich.—The $860-million Credit Union ONE said it will absorb the $93-million Good Shepherd Credit Union via merger, pending a membership vote of GSCU scheduled for March 25. If approved, the merger would be effective June 30, 2015.
WASHINGTON—Two representatives of credit unions testified before the Fiinancial Literacy and Education Commission (FLEC) today about youth savings programs and, in particular, school-based programs.
NEW BRITAIN, Conn.—Police have formed a task force here to investigate a home invasion and attempted robbery that included what assailants claimed was a bomb around the neck of a credit union CFO. At least two suspects remain at large.
BIRMINGHAM, Ala.—Consumers who have had the same cell phone number for a long time may soon find lenders looking on that favorably when they apply for a loan.
ARLINGTON, Va.—NAFCU President and CEO Dan Berger has sent a letter to Congress supporting the idea of giving regulators the power to exempt community financial institutions from existing and new regulations, a concept advanced by former Federal Deposit Insurance Corporation Chairman Sheila Bair.