CINCINNATI—A recent decision by the First Appellate District of Ohio related to commercial lending rolled back longstanding industry precedent and practice and should be overturned, America’s Credit Unions and other organizations are arguing in a brief filed with the Ohio Supreme Court.
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WASHINGTON—Recommendations for improving its existing records preservation program requirements have been shared with NCUA by America’s Credit Unions, which said updating the regulations “to address these general issues will go a long way in clarifying regulatory expectations under Part 749.”
WASHINGTON— The Consumer Financial Protection Bureau has issued an interim final rule to extend compliance deadlines for the small business lending rule.
NEW CUMBERLAND, Penn.–New Cumberland FCU has named a new president and CEO to succeed the retiring Don Varner, who is stepping down after 37 years.
WINSTON-SALEM, N.C.–Truliant Federal Credit Union faces a proposed class action lawsuit after a data breach reportedly exposed the private information of more than 48,000 members.
GRAND RAPIDS, Mich.–Two Michigan credit unions have announced plans to merge.
SNELLVILLE, Ga.–The African-American Credit Union Coalition (AACUC) said it has launched the second phase of the AACUC Future Fund campaign via a charitable donation account (CDA) fund with $26 million in initial investments and Dallas-based ALM First serving as investment advisor.
PLYMOUTH, Mich.–Community Financial Credit Union said it is partnering with the Choose the Bear movement, which seeks to provide “critical support to survivors of domestic violence.”
GREENSBORO, N.C.–During its annual meeting Vizo Corporate Credit Union announced its new board.
TUMWATER, Wash. - A local welder who tried to use a blowtorch to break into a credit union and steal from an ATM has been sentenced to more than five years in prison.