RANCHO CUCAMONGA, Calif.– If credit union member card spending is an indicator, 2021 ended on a high note, as members overcame concerns with the rise in omicron cases to drive spending over the extended holiday shopping season back to pre-pandemic levels, a new report shows.
BISMARCK, N.D.–NCUA’s Strategic Draft plan is a “direct attack” upon credit unions in the Dakotasthat support agriculture and livestock producers and the energy sector businesses, according to a comment letter from the Dakotas Credit Union Association.
WASHINGTON—With the House and Senate in recess this week, the focus among credit union trade groups is on NCUA’s board meeting Thursday.
WASHINGTON—Credit unions support the mission of the Home Mortgage Disclosure Act (HMDA) mortgage reporting requirements, although the rule has disproportionately burdened credit unions despite no evidence of past wrongful conduct, according to a letter sent by CUNA to the CFPB.
LAKEWOOD, Colo.– Collaborative back office CUSO Aux is reporting that with 11 new credit unions and one mortgage CUSO partnering with Aux for outsourced services in accounting and compliance in Q4, it experienced a record-breaking year in sales.
LONGMONT, Colo.–The Elevations Foundation and Elevations Credit Union reporting they have raised more than $1 million for victims of the Marshall Fire in Colorado.
POUGHKEEPSIE, N.Y.–Mary Madden, the long-time leader of Hudson Valley Credit Union, has announced plans to retire effective Jan. 2, 2023.
WASHINGTON–The Defense Credit Union Council (DCUC) is reporting its Defense Matters 2022 will take place in two parts: an informative webinar on Feb. 24, and a networking brunch with special guest speakers on Feb. 27.
NAPERVILLE, Ill.–Alloya Corporate FCU has announced the introduction of a new educational community for faster and real-time payments.
SAN FRANCISCO–Social Financial, Inc., the peer-to-peer lending giant better known as SoFI that is among the largest and most successful of the fintechs, said the Office of the Comptroller of the Currency has granted it a U.S. banking charter.
