CHICAGO–During a meeting at which payments, and especially faster payments, was front-and-center in nearly every presentation, credit unions were cautioned not to let the need for speed cause them to rush right past their fundamental mission.
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Co-op THINK Coverage: How Tough is Competition? Just Search This; Plus, Co-op Reports Strong Results
CHICAGO–Need a reality check on just what kind of competition credit unions are up against? One audience here was urged to open their phones, visit their respective app stores and search “debit card.” What came up first for everyone had nothing to do with credit unions—with the exception of taking members.
CHICAGO–If you’re convinced of your management acumen because direct-reports do everything you say, you’ve got a problem, according to one expert, who says many of those workers have simply concluded their work lives “suck.”
LITTLE ROCK, Ark.—Issues related to a proposal that would give the Small Business Administration authority to make loans directly as well as related to the postal banking pilot program were raised during a discussion involving NAFCU and three Arkansas credit unions met and Sen. John Boozman (R-AK).
BAY CITY, Mich.–After 50 years with COPOCO Community Credit Union, CEO Linda L. Doan has announced plans to retire.
PLYMOUTH, Mich.—The $1.2-billion Community Financial Credit Union has named a new president and CEO to succeed the retiring Bill Lawton, who has had a 40-year career in credit unions. CFCU has named Tansley Stearns to lead the organization.
MADISON, Wis. – Nominations are now being accepted for the National Credit Union Foundation’s 2023 Herb Wegner Memorial Awards.
WASHINGTON— Credit Union Student Choice is reporting that two credit unions have selected it to provide higher education financing solutions.
MINNEAPOLIS, Minn.– Four Minnesota-based credit unions announced said they have launched a new CUSO that seeks to allow credit unions to “collaborate” on lending opportunities for public and private commercial and infrastructure projects throughout Minnesota and the Upper Midwest.
WASHINGTON –A half-dozen-plus consumer groups are praising an announcement by the Federal Housing Finance Agency’s (FHFA) that Fannie Mae and Freddie Mac will make it mandatory for lenders provide borrowers information in their preferred language.