SANTA ROSA, Calif.—Redwood Credit Union here is celebrating National Credit Union Youth Month in April with two new contests to promote good saving habits for children and teenagers.
Fresh Today
ALEXANDRIA, Va.—NCUA has awarded 153 low-income credit unions a total of $520,440 through the first Community Development Revolving Loan Fund grant round in 2015.
ST. PAUL, Minn.—A statewide survey indicates that over one-third of Minnesotans have had a credit or debit card replaced because of fraudulent use or a data breach. The survey of 500 Minnesotans was conducted for the Minnesota Credit Union Network by Fluence Media and American Strategies.
ST. PAUL, Minn.—Augeo said it has completed the acquisition of RewardsNOW, one of the leading platforms serving bank, credit union and member-based loyalty programs in the U.S. and Internationally.
SOMERVILLE, Mass.—Naveo Credit Union has launched a new debit card as part of its rebranding that uses a vertical presentation.
SANFORD, Fla.—The $36-million Seminole Schools FCU said it is merging into the $1.5-billion CFE Federal Credit Union.
WASHINGTON—Federal Reserve Board Governor Daniel K. Tarullo has become the 22nd chairman of the Federal Financial Institutions Examination Council, of which NCUA is a member.
MADISON, Wis.—CUs should expect higher earnings over the next two years, pushing capital ratios to record levels, according to CUNA's recently updated 2015-16 economic forecast.
WASHINGTON—A new report shows card issuers are focused on attracting consumers with existing debt, while slowly steering away from people intent on incurring new debt in a recovering economy.
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.”