LONDON—With U.S. consumers and credit union members continuing to buy cryptocurrencies, crypto companies based outside the European Union. will only be able to directly serve customers within the bloc under very limited conditions to avoid unfair competition, the European Securities and Markets Authority (ESMA) is proposing.
MOLINE, Ill.–The $2-billion Empeople Credit Union said it has reached an agreement to purchase the $182-million TSB Bank in Lomira, Wis.
MADISON, Wis.–There is a “question on the mind of many credit union leaders,” according to TruStage’s chief economist, Steve Rick: “What the economic environment will look like during the next few years.”
MIAMI–While U.S. households now owe a record amount in absolute terms--$17.5 trillion--the total is still 5% below the all-time high when adjusted for inflation, according to a new report.
WESTMINSTER, Colo.–Two long-time credit union CEOs have announced plans for retirement.
FORSYTH, Ill.–Decatur Earthmover Credit Union said it is partnering with the Community Foundation of Macon County on a first-of-its-kind, comprehensive, $1-million grant funding collaboration called “Moving Forward.”
TAMPA, Fla.– Trellance, a provider of analytics, cloud and talent solutions to credit unions, said it has received the MountainView Risk & Analytics Fundamental Model Functionality Certification for its Current Expected Credit Loss (CECL) tool.
TAMPA, Fla.–GTE Financial Credit Union has introduced a new “Bolts Debit Card” in conjunction with the NHL’s Tampa Bay Lightning.
MADISON, Wis.—Calling it the “boldest step put forth yet” to achieve its Challenge 2025 goals, the World Council of Credit Unions (WOCCU) said it has launched a new initiative that allows credit unions in emerging markets to test innovative digital products and solutions that could benefit members and attract new members.
NEW YORK–Municipal Credit Union said it has made a donation of $2 million to its MCU Foundation to “advance its mission-driven work across New York City communities.”
