NEW YORK—Standard credit cards may still be consumers’ preferred way to pay, but contactless methods are waiting in the wings.
Fresh Today
WASHINGTON–Whatever hopes credit unions have of for favored legislation to pass in this Congress continue to run up against bigger issues that are likely to delay their agenda.
ADAMSVILLE, Tenn.–Citing both the usual—“expanded products and the services”–and the frequently heard—inability to keep up with “required regulations”–10 more credit unions have announced plans to merge, with only a few reporting a payout of net worth back to members and one saying four of its executives will receive bonuses as the result of the merger.
TUSTIN, Calif.–Two credit unions have announced compensation increases for entry-level positions.
MADISON, Wis.–CUNA Mutual Group and four credit unions have become the first to commit to a new “FinHealth Fund” that is seeking to raise $10 million over the next five years.
WASHINGTON–Federal legislation that would allow financial institutions to serve cannabis businesses could make a comeback in the current Congress.
ROCHESTER, N.Y.–Genesee Co-op FCU said its workers have unanimously chosen to form a union with the Communications Workers of America (CWA), after the credit union said it earlier voluntarily recognized CWA as the representative of its employees.
MANISTEE, Mich. — Filer Credit Union has named a new president and CEO.
WASHINGTON–CUNA’s Credit Union System Digitization Working Group has released its 2021 End-of-Year Report and includes “the latest insights from credit union leaders who are creating an industrywide roadmap for digitization.”
ALEXANDRIA, Va.–NCUA has issued one prohibition order for January, prohibiting the individual from participating in the affairs of any federally insured depository institution.