BASEL, Switzerland — The Financial Stability Board—central bankers, finance officials and top regulators from around the world—has announced a proposal that would double the amount of money that large banks would be required to have on hand to absorb losses.
OAKLAND, Calif.—Spectrum CU is offering an eye-popping 7% APY to attract young depositors.
GRESHAM, Ore.—Rivermark Community Credit Union has opened a new branch here that is heavy on technology, including interactive tellers who are available via video-conferencing at ATM-like kiosks, and a new “technology bar” that includes a selection of devices preloaded with Rivermark’s online banking apps.
HARRISBURG, Penn.—The Pennsylvania Credit Union Association is reporting that there are now 164 shared branches in the Keystone State, the latest growth due to the merger of Kennametal Employees FCU into Clearview FCU.
PLANO, Texas—After three consecutive quarters of growing confidence in the economy, credit union CEOs’ optimism took a small step backward, according to Catalyst Corporate Federal Credit Union’s Third Quarter 2014 Credit Union CEO Confidence Survey. The pessimism comes at the same time credit unions are reporting robust numbers, as can be seen here.
SEATTLE—Equality Washington, which is seeking to open a credit union for the lesbian, gay, bisexual, transgender and queer communities, has launched a crowd-funding campaign that is seeking to raise $50,000 to be used as it works to quality for a charter.
WASHINGTON—The Senate Banking Committee will be holding a hearing today on “The Federal Housing Finance Agency: Balancing Stability, Growth, and Affordability in the Mortgage Market.”
WASHINGTON—Lawmakers are concerned that the Federal Housing Finance Agency’s proposal to revise Federal Home Loan Bank membership criteria could jeopardize the banks’ liquidity functions for credit unions and community banks.
WASHINGTON—Consumers are paying their mortgages on time at a rate not seen since pre-recession.
GOLDEN, Colo.—The board of the $5.3-million Blue Spruce FCU has voted in favor of merging into Coors Credit Union.
