LONDON — A British regulator reported it is launching an inquiry into the “dominant” position of the country’s largest lenders in the retail banking sector, especially in lending to small and midsize businesses.
THE globe
CU News From Around the Planet
SUVA, Fiji--The prime minister of Fiji greeted credit union representatives at a conference here with a strong message about the need for honesty and sincerity--citing one bank failure as an example.
ALEXANDRIA, Va.—For more than 15 years Martha Ninichuk, deputy director of NCUA’s Office of Small Credit Union Initiatives, has been active in helping to build a credit union in Macedonia, the eastern European country that is flanked by Albania and Bulgaria and which didn’t become an independent country until 1991.
KENT, U.K.—One credit union here has established a savings account for a reason not often found in credit unions: to purchase art.
DUNCAN, B.C. and LANGLEY, B.C.— Two credit unions that are merging here say they will fund an endowment of $2 million to create a foundation to benefit local charities and initiatives in their markets.
ALBANY, N.Y. – Leaders from the National Cooperative Federation of Nepal (NCFN) met with the Credit Union Association of New York here and individual credit unions to discuss common issues.
TORONTO--Co-operation among Ontario’s credit unions as a means towards guaranteeing the future success of the system emerged as the key theme during the Directors’ Forum here, where close to 130 board directors and industry leaders, representing over 35 credit unions and caisses populaires gathered for the two-day conference.
SURREY, U.K.—The U.K. Credit Union Foundation has named its award winners for 2013-14. Those being honored with Edward Filene Credit Union Awards for Excellence include:
LONDON—The U.K.’s armed forces are about to get their own credit union. The government is granting the charter in part to battle payday lenders, which prey on servicemen and women, as well as their families.
BRUSSELS, Belgium—The European Commission had agreed to provide €280-million program to help restructure some of Ireland’s 374 credit unions, mostly state-funded.