WASHINGTON—CUNA is expressing concerns over what it is calling NCUA’s “statutory inflexibility” regarding the influx of deposits to CUs.
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DUBUQUE, Iowa–Alliant Credit Union announced it is changing its name effective Jan. 1, 2022.
BEAVERTON, Ore.–Tom Sargent, the former CEO of First Tech FCU who was well-known to many for his role at CO-OP Network and Children’s Miracle Network, has died.
WASHINGTON–The Federal Reserve may seek to withdraw its bond-buying program earlier than planned due to high inflation pressures, but it will factor in risks from the new Omicron variant of the coronavirus before making a decision, Fed Chairman Jerome Powell told the Senate Banking Committee.
VIENNA, Va.–The world’s largest credit union, Navy FCU, said it has selected TruStage to provide its members with auto and home insurance to the credit union’s members.
WASHINGTON–A name familiar to—and divisive among—many in credit unions is under consideration to serve as the Federal Reserve’s top banking regulator.
ROLLA, Mo.–Two credit unions have announced field of membership expansions.
TRALEE, Ireland–Cara Credit Union is the latest CU here to be approved to participate in a new Brexit Impact Loan Scheme (BILS) for Irish businesses, which is run by the government owned-owned Strategic Banking Corporation of Ireland (SBCI).
WASHINGTON— Saying they face a “slew of reforms that could impact the ability to serve their communities,” members of the European Network of Credit Unions(ENCU) spent two weeks urging various European Union (EU) policymakers to apply proportional treatment to credit unions on several items coming up in the European Parliament’s legislative term.
SAN SALVADOR–After becoming the first country to use Bitcoin as legal tender, El Salvador now said it plans to build a “Bitcoin city” at the base of a volcano, with the cryptocurrency used to fund the project.