Fresh Today

ALEXANDRIA, Va.–A review by CUToday.info of the 18 latest credit union merger disclosures provided to NCUA finds the usual suspects cited as reasons for the mergers—“more products and services”—but also insights into the payouts some executives are getting (and improved compensation for all employees in one case), which CUs are distributing net worth, which are not for what seem like odd reasons (such as the acquiring CU has more branches), and even one CU that says it can no longer go on due to the loss of its sponsor company’s “benevolence.”

LAKE BUENA VISTA, Fla.–NCUA Board Member Rodney Hood outlined a series of what he called “challenges” to the credit union community in remarks to the NACUSO Network meeting here.

GYDNIA, Poland–The largest credit union in this country is spending considerable time and money in seeking to help the Ukrainian refugees who have come across the border as a result of the war, including assisting with housing and schooling, according to the World Council of Credit Unions (WOCCU).

WASHINGTON—NAFCU has written to the Senate Banking, Housing, and Urban Affairs Committee ahead of its hearing on the CFPB's Semi-Annual Report to Congress at which Director Rohit Chopra as witness.

WASHINGTON—The Federal Housing Finance Agency (FHFA) and Ginnie Mae held a public listening session during which representatives from both NAFCU and CUNA spoke.

DENVER, Colo.–Credit Union of Colorado said it has installed “Smart Windows” in the new headquarters it is opening in the Central Park neighborhood here that automatically respond to the sun.

NEW YORK–Goldman Sachs is getting closer to bringing its long-awaited checking account to the market.

WASHINGTON—A new report issued by the Consumer Financial Protection Bureau examines the financial consequences of medical billing and collections endured by individuals and families across the country.

WASHINGTON–A four-member team of undergraduates from the James Madison University College of Business has won  the FDIC’s Second Annual FDIC Academic Challenge, a competition among university and college students concerning the U.S. banking sector.

LAS VEGAS–Fintech Meetup has announced plans to meet in person in 2023 with an event scheduled for March 19-22 at the Aria Hotel in Las Vegas.