WYANDOTTE, Mich.–Michigan Legacy Credit Union has reintroduced a program aimed at helping younger adults purchase a car without a co-signer, while also providing them a credit card at the same time.
Fresh Today
MADISON, Wis. – The National Credit Union Foundation has announced the Biz Kid$ Showcase, a nationwide competition for young people aged 12 to 18 that has a goal of raising awareness of credit unions, enhance financial literacy, and encouraging entrepreneurship by guiding participants through a series of educational modules and a business planning exercise.
IONIA, Mich.–Michigan One Community Credit Union has named a new CEO to succeed Tim Hemenway, who is retiring on Oct. 1.
WASHINGTON—A new bill introduced by Rep. Kevin Hern (R-OK) would tax person-to-person wire transfers out of the United States as a way to discourage illegal immigration and combat cartel activity at the border.
GRAND RAPIDS, Mich.–The last of three men found guilty of an identity theft ring that hit both credit unions and banks has been sentenced to prison.
WASHINGTON—The Internal Revenue Service (IRS) has released its five-year strategic plan for 2022 – 2026, laying out four major goals.
WASHINGTON—The Federal Trade Commission has taken action against payment processing company First American Payment Systems and two of its sales affiliates for “trapping” small businesses with hidden terms, surprise exit fees, and zombie charges.
MONETT, Mo. –Jack Henry & Associates said it has entered into a definitive agreement to acquire Payrailz, saying it will add the company’s next-generation digital payment capabilities, including real-time person-to-person (P2P) payments, to Jack Henry's payments ecosystem.
WASHINGTON–Eleven people have been charged in a civil complaint filed by the SEC for allegedly creating and promoting a fraudulent crypto-focused pyramid scheme that raised more than $300 million from investors.
ALEXANDRIA, Va.–CUToday.info’s latest review of disclosure documents filed by credit unions seeking to merge finds many of the standard reasons cited for seeking to combine (lack of resources, management retirements), but also cases where documents required by NCUA are missing, a wide disparity in plans for distributing capital (one CU said it couldn’t pay out net worth due to payments to three employees), and one case where there was just a blank space left behind the words “reasons merger is in best interests of members.”