ALEXANDRIA, Va.–The NCUA board got an update on the state of cybersecurity and threats to credit unions during its meeting here.
Fresh Today
ALEXANDRIA, Va.—When the NCUA board meets today it will be briefed on the federal credit union interest rate ceiling and receive an update on cybersecurity, while also issuing a request for information (RFI) on climate-related financial risk.
ALEXANDRIA, Va. – A new Research Note released by NCUA’s Office of the Chief Economist has found that approximately one-quarter of all federally insured credit unions are in communities classified as having a relatively high or very high risk of experiencing negative effects due to natural hazards.
ARLINGTON, Va.–Ahead of today’s NCUA board meeting, where the ceiling on credit union interest rates are on the agenda, NAFCU President and CEO Dan Berger penned a letter directed at agency Chairman Todd Harper urging the board to “listen to credit unions on this issue, not just the loudest--and misinformed--voices in Washington,” according to the trade group.
WASHINGTON—Ahead of the House Financial Services Subcommittee onDigital Assets, Financial Technology and Inclusionhearing on stablecoins this week, NAFCU and CUNA each sent letters to the subcommittee sharing their outlooks on how the rules should be shaped.
SACRAMENTO, Calif.–First U.S. Community Credit Union has named a new president and CEO. The $541-million credit union has tapped Shonna Shearson to lead the organization.
FOZ DO IGUAÇU, Brazil– Lena Giakoumopoulos, director of the Global Women’s Leadership Network (GWLN), encouraged women in attendance at the Super Summit Sicredi here to get involved in the international program to grow their potential and open more possibilities during a pair of panel discussions with other credit union women.
WASHINGTON–The FDIC is reporting that the special assessments that will be needed to recover the estimated $19.2 billion of losses due to uninsured depositors to the federal bank deposit insurance fund resulting from the failures of two banks in March will be proposed through rulemaking when it meets in April.
TAMPA, Fla.— Suncoast Credit Union has gone to bat with a partnership program with The Tampa Bay Rays called “Every Hit is a Win with Suncoast” that raises funds for charities.
EAST LANSING, Mich.–MSU Federal Credit Union increased CD revenue by more than 1,000% through the use of Trellance’s Next Best Product AI, according to the CUSO.