CHARLEVOIX, Mich.—Members of the $179-million Bay Winds FCU have voted in favor of a merger with the $215-million, Traverse City, Mich.-based Members Credit Union.
Fresh Today
WASHINGTON—The Federal Reserve Board yesterday announced the members of its Community Depository Institutions Advisory Council (CDIAC), and it includes three credit union representatives, including Micashel J. Castellana, CEO of SEFCU in Albany, N.Y., who will serve as vice president
CARMEL, Ind.—Allied Solutions said it will offer SmartVideo technology, powered by SundaySky, to its CU clients that will allow them to create videos tailored to individuals. The technology, the company said, gets “members are engaged in a way that traditional print and electronic communications simply cannot.”
NEW YORK—OneMain Financial, a unit of Citigroup that makes loans to underserved consumers and those with damaged credit, is planning a $50-million IPO as part of a spin-off.
SPOKANE, Wash.—Credit unions from Washington and Oregon gathered here at the Amplify meeting of the Northwest CU Association were told that collectively they are “one of the region’s most impactful employers, charitable contributors, and political influencers.”
LAKE FOREST, Ill.—Thrifts are beating banks and credit unions in offering weekend hours, with two-thirds of thrift institutions open on Saturday compared with a little more than half of banks and CUs.
DES MOINES, Iowa—With Apple Pay potentially marking a new era in mobile payments, it’s time credit unions begin enrolling their BINs with the payment alternative.
WASHINGTON—The Consumer Financial Protection Bureau will be holding a forum on checking account screening practices here today, at which credit union trade association representatives will be on hand.
IRVINE, Calif.—Home prices nationwide, including distressed sales, increased 6.4% in August 2014 compared to August 2013, which represents 30 months of consecutive year-over-year increases in home prices nationally, according to CoreLogic’s Home Price Index.
TALLAHASSEE, Fla.—CU24 reported it has entered into a licensing agreement with MasterCard to enable EMV card transactions to route over the CU24 network.