Fresh Today

Fresh Today

GRAND RAPIDS, Mich.—Xtend, Inc., a CUSO owned by 83 credit unions, announced it will pay its third stock dividend in four years as the result of a strong fiscal year, which ended Sept. 30.

WASHINGTON—Five credit union trade associations have sent a comment letter to the Department of Defense on its proposal to amend the rules on Limitations on Terms of Consumer Credit Extended to Service Members and Dependents, which implement the Military Lending Act (MLA).

WASHINGTON—Consumers Union, the advocacy arm of Consumer Reports, is calling on the Consumer Financial Protection Bureau to take action on problems related to credit reports and credit scores, including the challenges consumers face in correcting errors in their reports.

WASHINGTON—The Federal Reserve Board has will adjust to $25,500 in 2015 the annual adjustment of the dollar amount used to determine whether a small loan is exempt from the special appraisal requirements that apply to higher-priced mortgage loans.

SACRAMENTO, Calif.—The $55-million Big Valley FCU said it will merge into the $253-million First U.S. Community Credit Union effective Feb. 1, 2015. When completed, the combined CU will serve 23,000 members.