CFCU's Stearns Eelected to MCUF Board 08/11/2023 10:30 am PLYMOUTH, Mich.--CFCU president and CEO Tansley Stearns has been elected to the Michigan Credit Union Foundation’s (MCUF) board of directors.
New Offering Streamlines Virtual Card Payments, Says Mastercard 08/13/2023 11:38 am PURCHASE, N.Y.— Mastercard has introduced Mastercard Receivables Manager, a new, automated solution the company says streamlines the way businesses accept and process virtual card payments, the company announced.
Stop Fentanyl Money Laundering Act Advances in House 08/13/2023 11:38 am WASHINGTON—The Stop Fentanyl Money Laundering Act has advanced out of the House Financial Services Committee.
Remittances to Mexico Remain High, But There’s a Caveat 08/13/2023 11:38 am MEXICO CITY—Remittances to Mexico totaled $5.57 billion in June, just under the all-time high reached the month before, but that figure is dampened in real terms due to the sharp appreciation of the peso against the dollar, Reuters reported.
Financial Services Platform for Creators Plans to Introduce ‘New Kind’ of Personal Credit Card 08/13/2023 11:38 am LOS ANGELES—Karat Financial, a financial services platform for creators, has raised $70 million in a combination of debt and equity financing aimed at building a new kind of personal credit card.
Credit Unions Among the Big Drivers of CDFI Growth, Says NY Fed Report 08/13/2023 11:39 am NEW YORK–Credit unions have been among the primary drivers of asset growth in community development financial institutions (CDFIs), according to a new report from the New York Fed.
AACUC Names New Exec Committee, Board 08/13/2023 11:40 am SNELLVILLE, Ga.– The African-American Credit Union Coalition (AACUC) has elected its 2023-2024 Executive Committee and announced new members for its national board of directors.
GLCU Lowers Par Value 08/12/2023 12:04 pm BANNOCKBURN, Ill.– Great Lakes Credit Union (GLCU) has lowered its par value share minimum to $1 from $5.
Wisconsin's CUs Step Up to Provide Help 08/13/2023 06:50 pm ISLAMABAD, Pakistan–The man who led the World Council of Credit Unions’ project in Afghanistan and who later went into hiding before being captured and interrogated by the Taliban, is now in Pakistan with his family and hoping to restart his life with credit unions in Wisconsin.
