NEW YORK–The investment bank Morgan Stanley is laying off about 2% of its global work force, but it’s not an indicator of a trend likely to affect credit unions. Instead, the cuts are coming as deal-making grinds to a halt, two people with knowledge of the situation told the New York Times.
RICHLAND, Wash.—Gesa Credit Union said it will award more than $500,000 in grants to 43 organizations across Washington State as part of its Local Heroes Grant Program.
FRANKFURT, Germany—Two senior officials at the European Central Bank (ECB) are contending bitcoin is “on the road to irrelevance.”
MARLBOROUGH, Mass.—The Cooperative Credit Union Association (CCUA) has announced plans to create and develop a new name and brand design for its for-profit affiliate, New England Credit Union Services.
WASHINGTON—The Environmental Protection Agency (EPA) is being asked to allow credit unions to obtain funds through the Greenhouse Gas Reduction (GHGR) Fund to support projects that reduce greenhouse gas emissions and air pollution in low-income and disadvantaged communities
WASHINGTON—Credit unions are willing to make smaller balance loans that are less profitable compared to other financial institutions, CUNA said in a letter to the Department of Housing and Urban Development (HUD).
WASHINGTON–NAFCU and CUNA have joined with a number of other financial services and consumer organizations in separate letters supporting closure of a loophole related to ILCs and opposing changes the SBA has announced for its loan programs, respectively.
BATON ROUGE, La.–EFCU Financial, a low-income designated CU here, has received a $5 million subordinated debt loan from the National Cooperative Bank (NCB).
RANCHO CUCAMONGA, Calif. – Co-op Solutions has published a new white paper it said is designed to help credit unions both “plan and execute their own highly effective member-centricity strategies.”
MADISON, Wis.–The World Council of Credit Unions (WOCCU) will host a webinar titled “Crafting an Effective Board Agenda—For Directors and CEOs” on Tuesday, Jan. 24. The webinar will begin at 11 a.m. ET.
