SALEM, Ore.– Oregon’s legislature has passed a credit union-backed bill that adds a requirement for high school students to complete one half-credit of higher education and career path skills and one half-credit of personal financial education in order to receive a high school diploma.
TEMPE, Ariz. –TruWest Credit Union said it is now paying members who use its High Yield Checking Account 4% APY on checking balances of up to $10,000.
PENSACOLA, Fla.–PenAir Credit Union has introduced what it is calling a “vibrant, new identity.”
GRAND RAPIDS, Mich.–The National Association of CUSOs (NACUSO) has named Ronaldo Hardy as its new president/CEO, succeeding the retiring Jack Antonini.
ALEXANDRIA, Va.–The NCUA board has put out for 60-day comment a proposedInterpretative Ruling and Policy Statement on its Minority Depository Institution Preservation Program.
ALEXANDRIA, Va.––The NCUA Board was given an update on a proposed “provisional charter” aimed at addressing a “Catch-22” facing those looking to start a new CU: organizers seeking funding to start new credit unions need a charter to do so, but in order to get a charter they must first obtain the funding.
ALEXANDRIA, Va.–The NCUA board has voted 3-0 to put out for 60-day comment a proposal related to its operating fee schedule methodology for federal credit unions, including an increase in the asset threshold for FCUs to be exempt from paying the operating fee to $2 million from $1 million.
PALM COAST, Fla.–In part II of this latest review of credit unions seeking to merge, CUToday.info has found nearly all are below $10 million in assets (just two are between $40-$100 million in assets), and again uncovers CUs unable to find new managers, saying they simply can’t afford new technology (two of the CUs don’t have websites) and, in one case, one offering a pretty unique formula for how it determined net worth should not be returned to members.
NEW YORK–Forbes has released its annual list of the Best-in-State Credit Unions for 2023.
ALEXANDRIA, Va.—When the NCUA board meets Thursday it will vote on a request for comment on its operating fee methodology, as well as on a proposed interpretative ruling and policy statement related to the Minority Depository Institution (MDI) Preservation Program.
