DES MOINES, Iowa–Curql Collective, which oversees a fund that provides investment capital from credit unions to fintechs, has announced what is it calling a “new ecosystem partnership” with Tru Treasury to provide credit unions a better option to deliver business services to their members and communities.
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NEW YORK–Citigroup has announced a small reduction in its mortgage workforce, due to what it called an internal streamlining of functions. The cutbacks come as the overall mortgage lending market has slowed down due to rising rates.
OCALA, Fla.–Ocala Community Credit Union has announced a new cost of living allowance (COLA) and minimum wage, among other staff benefits.
ARLINGTON, Va. – National Consumer Cooperative Bank, the holding company of National Cooperative Bank, (NCB), has announced the issuance of a $58.5 million patronage refund to 1,685 cooperative stockholders nationwide, including $12.9 million in cash.
ALEXANDRIA, Va.–CUToday.info’s latest review of disclosure forms filed by nine credit unions seeking to merge has found two CUs, both of which posted losses over the first six months, seeking to combine; several CUs with capital north of 22% again not distributing any of that net worth to members; just one acquiring CU of more than a billion in assets (a rarity), and one small CU that still operates out of a person’s home and which does business by phone only.
WASHINGTON–The Senate is back and session and the House is set to return next week, meaning “things are getting heated again” in Washington, according to one person with CUNA.
WASHINGTON–Labor Day earlier this week was a “line in the corporate sand” for many employers when it comes to bringing all of their workers back to the office, according to a new report that addresses an issue with which many credit unions are also wrestling.
DENVER — A credit union member here who was defrauded as part of a scam on Zelle has been reimbursed following a local media report.
ALBURQUEQUE, N.M.–Sandia Area FCU has selected a new president and CEO to replace the retiring Paula Peknik, who has been with the credit union for 38 years and who was named CEO in 2020.
ORLANDO, Fla.–The University of Central Florida and Additional Financial Credit Union have entered into a 12-year, $20-million deal that extends its naming right agreement for the school’s 10,000-seat arena.