ALEXANDRIA, Va.–NCUA’s director of the Office of Examination & Insurance, Kelly Lay, says there are no plans to change supervisory priorities during credit union examinations for the remainder of the year as a result of new data showing rising delinquencies and charge-offs at credit unions (see related reporting).
ALEXANDRIA, Va.–In releasing its Quarterly Credit Union Data Summary for the second quarter of 2023, NCUA has broken out performance data it now captures for minority depository institutions (MDIs) that it says show the segment is performing strongly.
WASHINGTON— The nation’s 4,645 federally insured commercial banks and savings institutions reported aggregate net income of $70.8 billion in second quarter 2023, a decrease of $9.0 billion (11.3%) from Q1 2023.
WASHINGTON–Alleging that Apple and Google are setting the regulations around “tap to pay,” the Consumer Financial Protection Bureau (CFPB) has published a new issue spotlight it said highlights the effects of big tech companies’ policies and practices that govern tap-to-pay on mobile devices like smartphones and watches.
WASHINGTON–CUNA and NAFCU have announced the dates for a series of forums CUNA CEO Jim Nussle plans to hold related to the proposed merger between the two trade groups.
MASSENA, N.Y.—SeaComm FCU President and CEO Scott Wilson said his organization is now on a “separate path” following the rejection of a proposed merger by members of the $234-million St. Lawrence FCU.
NORWICH, Conn. — Two credit unions have announced new leadership.
LOS ANGELES, Calif.–USC Credit Union has developed several green lending products aimed at helping members make emission-reducing energy upgrades more equitable for communities near the University of Southern California campus in South Los Angeles and East Los Angeles, according to a new report.
RICHLAND, Wash.–The Global Women’s Leadership Network (GWLN) has opened registration for its Executive Readiness Summit, set to run Nov. 7-9 in Richland, Wash.
ONTARIO, Calif.–The California and Nevada Credit Union Leagues have announced their 2023 award recipients, including the winners of the highest honors bestowed by the leagues.
