PAINESVILLE, Ohio–Painesville Credit Union here has celebrated its 80th birthday by performing 80 acts of kindness within its communities.
Fresh Today
TEMPE, Ariz.–TruWest Credit Union has launched Home by TruWest Mortgage, which it said is a dedicated brand that offers borrowers a variety of home lending options, competitive rates, and unparalleled service.
LONDON—The United Kingdom has approved new rules making it easier for law enforcement to seize crypto connected to terrorists.
LONDON—The U.K. and the Monetary Authority of Singapore (MAS) have signed a cross-country memorandum of understanding (MoU) that seeks to deepen collaboration in fintech, and strengthen their financial cooperation.
ABA Expresses Opposition to Changes to Subordinated Debt Rules; Says Moves Violate Tax-Exempt Status
WASHINGTON–The American Bankers Association said it opposes NCUA’s proposal to amend its current subordinated debt rule to expand credit unions’ ability to issue subordinated debt for the purposes of regulatory capital treatment.
WASHINGTON–The National Defense Authorization Act (NDAA), the huge bill before Congress credit unions are hoping will carry some of their favored legislation, has become bogged down in part because of the very provisions CUs support.
WASHINGTON—Reserve and National Guard members called to active duty are paying an extra $9 million in interest every year because they are not always receiving the benefit of their right to rate reductions under the Servicemembers Civil Relief Act, according to new research conducted by the Consumer Financial Protection Bureau.
TULLAHOMA, Tenn. – Ascend Federal Credit Union said it is returning $5 million to members in the form of bonus dividend payments, loan interest refunds and reward payments for loyal debit card use.
ALEXANDRIA, Va.– NCUA has issued a Letter to Credit Unions that dials back some of the powers CUs have been granted over the past three years when it comes to holding both board and membership meetings, including the authority to hold both types of meetings coompletely virtually.
PASADENA, Calif.–Members of the $266-million Parsons Credit Union here have voted in favor of merging into another credit union on the opposite coast of the country.