ALEXANDRIA, Va.–The NCUA board has voted 3-0 in favor of a rule for multiple common bond credit unions that allows them to add underserved areas to their fields of membership by counting shared locations, regardless of whether the FCU has an ownership interest in the shared branching network, as well as kiosks/ITMs that can take deposits, accept loan applications, and distribute loans, as “service facilities.”
Fresh Today
ALEXANDRIA, Va.–An update on the state of the National Credit Union Share Insurance Fund shows it remains healthy, with its balance sheet improving in part due to increased cash flows from certain corporate CU asset management estates.
ALEXANDRIA, Va.–NCUA’s draft staff budget for 2022–2023 is now available on the agency’s website for review and comment
JACKSON, Miss.––Bill Bynum, president and CEO of HOPE Credit Union, has been named as one of three winners of the Heinz Awards for the Economy. .
ALEXANDRIA, Va.—A vote on its “Service Facility” rule proposal is on the agenda when the NCUA board meets today.
ARLINGTON, Va.—Total retail sales grew 1.7% in October, following September's 0.8% rise.
WASHINGTON—Questions related to the Small Business Administration’s plan to make SBA loans directly to borrowers as well as questions over fraud in the Economic Injury Disaster Loan program during the COVID pandemic were just some of the themes during a hearing by the House Small Business Committee during which SBA Administrator Isabella Casillas Guzman testified.
WAUSAU, Wis.–Connexus Credit Union said it has reduced its overdraft and non-sufficient funds (NSF) fees to $4 from $29.95, saying the decision supports more equitable banking and increase giveback dollars to its member-owners.
COLUMBUS, Ohio-KEMBA Financial Credit Union said it has purchased exclusive naming rights for 10 years for the venue formerly known as EXPRESS LIVE!, which will now be known as KEMBA Live!
RAPID CITY, S.D.–Black Hills FCU said it has become a “Founding Partner” of The Monument, formerly known as the Rushmore Plaza Civic Center.