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WASHINGTON—CUCollaborate said it will host a free webinar Sept. 13 to present the findings from research on credit union board composition and its impact on institutional performance.

SEATTLE—The $1-billion Bannockburn, Ill.-based Great Lakes FCU and the $750-million, Saginaw, Mich.-based Team One FCU said they are now partnering with Strum Platform.

EAU CLAIRE, Wis. – Royal Credit Union (Royal) said its partial acquisition of Lake Area Bank in Minnesota is complete. The acquisition includes retail offices in Hugo, Stillwater and White Bear Lake, as well as Lake Area Mortgage in Arden Hills, Minn.

TYSONS, Va.–PenFed Credit Union is reporting it has closed itsinaugural prime auto loan securitization offering PenFed Auto Receivables Owner Trust 2022-A (PAROT 2022-A). The transaction issued $460,292,000 of fixed-rate, amortizing asset-backed notes backed by prime auto loans, according to the credit union.

DES MOINES, Iowa– The CUSO Curql Collective said its Curql Fund I has made an investment in fintech startup Credit Mountain.

WASHINGTON—NAFCU told the Fed it supports  for implementation of the Adjustable Interest Rate (LIBOR) Act, but it also wants the Fed to be aware of “the impacts that complex or costly regulations will have on credit unions.”

WASHINGTON–A new report from the Joint Economic Committee Democrats says people of color and low-income communities continue to be disproportionately harmed by banking and financial exclusion, and among its recommended remedies is expanded postal banking.

TEMPE, Ariz.— TruWest Credit Union said it has strengthened its longstanding partnership with Mesa Community College and the students participating in its First Year Experience (FYE) program with a $40,000 grant and in-kind programs for the participants and their parents. 

GREENSBORO, N.C. – Vizo Financial said it will host its 2022 Financial Conference at The Ballantyne Hotel in Charlotte, N.C. on Sept. 14-16, 2022. 

WASHINGTON– Labor Credit Union, formerly known as Department of Labor FCU, has been named the 2022 Credit Union of the Year (less than $250M) by NAFCU