Ex-CEO, Employee in Romance Scam Among Those Issued Prohibition Orders by NCUA 05/01/2022 05:06 pm ALEXANDRIA, Va. –NCUA issued two prohibition orders and one notice of prohibition during April—including against one former CEO and one former employee guilty of an online scam—which prohibit the individuals from participating in the affairs of any federally insured depository institution.
Why Latinos Frequently Turn to Fintechs Over Traditional FIs 05/01/2022 05:03 pm ARLINGTON, Va.–Latinos without traditional bank or credit union accounts are increasingly signing up with various fintechs for the financial needs, according to one new analysis.
‘Efforts Being Met With Skepticism:’ NAFCU, Inclusiv Press NCUA for Help With CDFI Certification Process 05/01/2022 05:07 pm WASHINGTON—NAFCU joined Inclusiv in a letter to NCUA Chairman Todd Harper requesting assistance with the Community Development Financial Institution (CDFI) certification process based on the Other Targeted Population (OTP) standard.
Sabine FCU’s Dougharty to Retire; Successor Named 05/01/2022 05:03 pm ORANGE, TeORANGE, Texas–Kenita Dougharty is retiring as CEO of Sabine FCU, and a successor has been named.xas–Kenita Dougharty is retiring as CEO of Sabine FCU, and a successor has been named.
A Loan That Requires a Prescription: Service CU Intro’s Loans for iBOT Personal Mobility Devices 05/01/2022 05:03 pm PORTSMOUTH, NH – Service Credit Union has introduced a new loan as part of a partnership aimed at helping purchase the iBOT Personal Mobility Device (PMD).
FinCEN Urged to Modernize, Streamline SARS and Records in NAFCU Letter to House 05/01/2022 05:06 pm WASHINGTON—FinCEN should modernize and streamline suspicious activity reports (SARs) and records, which will help better identify financial crimes, NAFCU said.
CUNA HR/OD Council Names Winners of Numerous Honors, Awards 05/01/2022 05:03 pm LAKE BUENA VISTA, Fla.–The CUNA HR & Organizational Development Council announced several winners during its recent annual conference.
Cooperative Development Program urged to Increase Funding by CUNA, WOCCU 05/01/2022 05:06 pm WASHINGTON—CUNA and World Council of Credit Unions (WOCCU) are urging the Cooperative Development Program (CDP) to increase its 2023 fiscal year funding to $50 million in letter sent to House and Senate State, Foreign Operations, and Related Programs Subcommittees.
With Fed Set to Meet, New Price Index Shows Jump in March Was Fastest Since 1982 05/02/2022 07:41 pm WASHINGTON–With the Federal Reserve set to meet this week on rates, the price index it watches most closely climbed 6.6% in the year through March, according to new federal data, the fastest pace of inflation since 1982.
