WASHINGTON—Ahead of the House Committee on Small Business’s hearing on access to capital, America’s Credit Unions urged passage of the Member Business Loan Expansion Act, which would prevent loans under $100,000 from counting toward the MBL cap and allow federal credit union maturities past 15 years.
Fresh Today
WATERFORD, Conn.–Charter Oak FCU is reporting it awarded $848,000 in annual $100 cash bonuses during December to its Gold Rewards members, which is the largest annual amount since Charter Oak created the unique member-appreciation program in 2010.
ROCKY HILL, Conn.–Two credit unions in Connecticut have announced their intent to merge.
DALLAS–ALM First said it has launched a new subsidiary, ALM First Executive Benefits, LLC.
ARLINGTON, Texas–Los Angeles-based University Credit Union said it has entered into a partnership with University of Texas at Arlington (UTA) Athletics.
YUMA, Ariz.–AEA Federal Credit Union has a new name: Avenir Financial.
MADISON, Wis.– The World Council of Credit Unions has released its 2024 Global Regulatory Update, which stresses how important it is for WOCCU and other credit union associations around the globe to “advocate for fair, proportional treatment from the policymakers developing our digital regulatory environment.”
NEW YORK–Inclusiv is again offering a free, virtual training course for credit unions on making consumer solar loans.
WASHINGTON—The Federal Trade Commission has adjusted the maximum civil penalty dollar amounts for violations of 16 provisions of law the FTC enforces, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, the FTC said.
SNELLVILLE, Ga.–The African American Credit Union Coalition will host its next Friday Conversation today. The topic will be a “Conversation with AACUC Chapters - Envisioning 2024." The session will run from 1-2 p.m. E.T.