Peach State's C.A.R.E.S. Program Leads to $477K Donation 07/17/2019 10:02 am LAWRENCEVILLE, Ga.–Peach State FCU said as part of its investments in its community, It donated $477,000 to various programs during 2018, including as part of its debit card program.
Member Shot Attempting to Stop Robbery at CU 07/11/2019 08:07 pm MUNCIE, Ind. — A member of a credit union here was shot by a robber after attempting to stop the robbery.
FASB Delays CECL Compliance for CUs Until 2023 07/17/2019 12:34 pm NORWALK, Conn.–The Financial Accounting Standards Board has announced a delay in the implementation date for its new current expected credit loss (CECL) standard for an additional year for credit unions, pushing back the compliance date until 2023.
Cato Institute Calls CRA ‘Obsolete,’ Says CUs Shouldn’t Be Covered 07/11/2019 07:46 pm WASHINGTON–A new study published by the Cato Institute suggests the Community Reinvestment Act (CRA) has become “obsolete,” and that it would be a mistake to bring credit unions under its compliance umbrella.
Central Minnesota Credit Union Names New CEO 07/11/2019 08:05 pm MELROSE, Minn. — Central Minnesota Credit Union has named a new president/CEO. The credit union has selected Charles Friederichs to lead the organization. Friederichs has been serving as interim CEO since October 2018.
CU Delegation Meets With USAID on Funding 07/11/2019 07:59 pm WASHINGTON–A credit union delegation and a former member of Congress met with USAID here about increasing international development funding.
CU-Sponsored African-American Festival Kicks Off Today 07/18/2019 07:45 pm TOLEDO–The 15th annual African American Festival hosted by Toledo Urban FCU will kick off today here. The three-day event offers everything from live music to free health screenings.
CU Buys Naming Rights to New Auditorium 07/18/2019 07:45 pm IDAHO FALLS, Idaho–A credit union has purchased naming rights to the Idaho Falls Event Center. The Idaho Falls Auditorium District announced it has sold the naming rights to the planned event center to Sandy, Utah-based Mountain America Credit Union for $4.5-million.
NAFCU Caucus Coverage: What One Rep is Doing About CECL 09/10/2019 07:52 pm WASHINGTON–One congressman says he is doing all he can to help credit unions deal with the effects of CECL, making it clear he’s not a supporter of the new accounting standard.
