NEW YORK—Analysis of the new risk-based capital proposal shows the revision has come a long way in reducing RBC’s negative competitive impact on credit unions, reports one analyst.
Fresh Today
ARLINGTON, Va.—CFPB rulemaking is reducing credit union revenue and taking money out of members’ pockets.
MADISON, Wis.— Credit union loan balances rose 0.6% in November, slightly better than the 0.5% pace reported in November 2013, and rose a strong 10.5% during the last year, according to the latest Trends Report released by CUNA Mutual Group.
DENVER—The first credit union chartered to serve the marijuana industry is now asking local cannabis businesses to share their banking preferences and needs.
WILKES-BARRE, Penn.—One of the five people charged in the federal investigation into the Wilkes-Barre City Employees FCU will plead guilty, according to federal court documents filed Wednesday.
ARLINGTON, Va.—NAFCU is asking Congress to establish a working group to develop legislation that would help prevent the massive retailer data breaches that have occurred this past year.
WESTMINSTER, Colo./WARRENVILLE, Ill.—System United Corporate FCU (SunCorp) and Alloya Corporate FCU (Alloya) have been approved to merge, with SunCorp being merged into Alloya.
SPARTANBURG, S.C.—After more than four decades serving credit unions, Pat West has retired as president of VITAL Federal Credit Union.
ALBANY, N.Y. –The $90-million Alternatives FCU here has joined UsNet, a CUSO that provides shared branching services.
ALEXANDRIA, Va.--Below is a graphic overview of at NCUA's revised Risk Based Capital proposal. It was assembled by Larry Fazio, director of NCUA's Office of Examination and Insurance.