Fresh Today

Fresh Today

WASHINGTON – President Obama has signed H.R.3468, the Credit Union Share Insurance Fund Parity Act (IOLTA), into law. H.R. 3468 directs NCUA to issue a regulation extending share insurance to owners of the funds held in trust accounts opened and managed by credit union members.

BANGOR, Maine—Two people here are seeking to obtain a charter to launch Maine Harvest Credit Union, the primary mission of which would be to help small farms to buy land and equipment.

TORONTO—Desjardins Group and Vancouver City Savings Credit Union are among 20 companies named as “Canada's Top Family Friendly Employers for 2015.”

WASHINGTON—The Consumer Financial Protection Bureau sued Dallas-based Union Workers Credit Services for allegedly deceiving consumers into paying fees to sign up for a “sham” credit card.

BATON ROUGE, La.—E Federal Credit Union is changing its name to EFCU Financial effective in March 2015.

DENVER ­– LenderLive Network, and end-to-end mortgage services provider, said that New York-based Aquiline Capital Partners LLC has signed a definitive agreement to become the majority investor in the company.

ALBANY, N.Y.—New York Gov. Andrew Cuomo has signed into law legislation that will allow state-chartered credit unions to combine select employer groups, associational and community groups into a single field of membership.