JOHNSON CITY, Tenn.—Johnson City FCU here has a new name: Select Seven Credit Union.
Fresh Today
FREEPORT, Maine –The Maine Credit Union League reported that its Ending Hunger campaign in 2014 raised more than $552,000, which is $40,000 more than one year prior.
WASHINGTON—After suing Dallas-based Union Workers Credit Services for allegedly deceiving consumers into paying fees to sign up for a “sham” credit card, the CFPB has taken action to shut down the company’s card operations.
WOBURN, Mass.—Betty Girardi has retired as CEO of Woburn Municipal Employees Federal Credit Union after being part of the organization for more than 40 years.
TUMWATER, Wash.—O Bee Credit Union has begun to serve accounts related to the state’s marijuana industry.
BISMARCK, N.D.—North Dakota’s credit unions are lobbying against a bill in the state legislature that would require credit unions and other issuers to release a debit card hold placed on an account for the preauthorized amount within two business days when the transaction was satisfied by a means other than the debit card.
MADISON, Wis. – CUNA Mutual Group reported that its Total Benefits Pre-Funding program has reached $1 billion in assets under management in January, which it said is a “positive sign credit unions are taking advantage of previously impermissible investments to help fund the rising costs of employee benefits programs.”
HARRISBURG, Penn.—The Pennsylvania CU Association has kicked off the 2015 version of iBelong, the league’s highly successful CU image campaign.
WAKEFIELD, Mass.—A webinar for credit card issuers on “The Hidden Power of Your Credit Policy” has been set for Feb. 25 from 11:00 to 11:30 a.m. ET.
ARLINGTON, Va.— Calling it a “costly experiment for credit unions,” NAFCU has sent a letter to Congress raising formal objections to NCUA’s revised risk-based capital plan. In a letter sent to both the Senate Committee on Banking, Housing & Urban Affairs and to the House Financial Services Committee, NAFCU said “we have serious concerns about the costly nature of this solution in search of a problem. There have also been credible important arguments raised about the legality of the proposal under the Federal Credit Union Act.”