NAIROBI, Kenya—Safaricom’s mobile money service M-Pesa has crossed 30 million customers using the service every month in Kenya.
Fresh Today
RICHMOND, Va.–A group of Virginia Credit Union members who have challenged its board election and who had hoped to raise objections during Wednesday’s annual meeting were unable to do so, as the virtual presentation did not allow for any member input.
ARLINGTON, Va.—Confidence in the economy as well as the future of their own organizations declined during February, according to a new NAFCU survey.
WASHINGTON—Overall, credit union loans outstanding increased 0.7% in January of 2022, compared to a 0.9% increase in December of 2021 and a 0.09% decrease in January of 2021, according to CUNA’s latest Monthly Credit Union Estimates.
MADISON, Wis.–The Worldwide Foundation for Credit Unions is reporting that through March 23 nearly 20 CU organizations had donated or pledged sums of at least $10,000 individually to its Ukrainian Credit Union Displacement Fund, with the total of all donations now at just over $480,000.
ALEXANDRIA, Va.–NCUA is one of 13 federal agencies and offices that participated in the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) Action Plan, which has now been sent to President Biden.
DANA POINT, Calif.– The 17th annual California and Nevada Credit Unions for Kids Wine Auction raised a record $1.5 million for the 11 Children’s Miracle Network Hospitals in California and Nevada.
TUSTIN, Calif.–SchoolsFirst FCU has announced new changes to its executive leadership, including naming Jose Lara as its new president. Bill Cheney will remain CEO.
WASHINGTON–NCUA has joined with several other regulators in inviting comment on an interagency proposal to update policies and procedures governing administrative proceedings for supervised financial institutions.
ARLINGTON, Va.– The National Cooperative Bank (NCB) has named Casey Fannon as its new CEO. Fannon has been serving as the acting CEO of NCB since the sudden death of the bank’s former CEO, Chuck Snyder, in November, 2021.