ROCHDALE, England–It’s International Credit Union Day, a good time for a reminder on the 7 Cooperative Principles, the foundational operating principles for cooperatives such as credit unions.
Fresh Today
NEW YORK–At the same time some financial institutions, including credit unions, are announcing they are eliminating overdraft fees, a new survey finds the fees (NSFs) have hit a new record high in 2021 $33.58, up slightly from $33.47 last year.
ALEXANDRIA, Va.—The NCUA board will meet today and is set to issue a two final rules, one regarding Credit Union Service Organizations (CUSOs) and one regarding its CAMELS rating system.
RANCHO CUCAMONGA, Calif. – The U.S. continued its “fitful” post-pandemic recovery in September, as credit union member spending trends for the month reflected a largely “business as usual” trend, CO-OP Financial Services reported.
ALEXANDRIA, Va.–NCUA is cautioning that the use of cloud-based email services is making CUs vulnerable target for cybercriminals, and credit unions are being urged to take steps to protect themselves.
WASHINGTON — Five federal financial regulatory agencies, including NCUA, plus state agencies have issued a joint statement they said is designed to highlight the risks posed by the discontinuation of LIBOR (London Interbank Offered Rate).
LOS ANGELES–With its board citing a 20% decline in membership, members of Chabot Federal Credit Union have voted in favor of merging into Los Angeles-based University Credit Union.
MONTCLAIR, Calif.– Interfaith Federal Credit Union is reporting it has completed its merger with $16 million Holston Methodist Federal Credit Union (HMFCU) in Knoxville, Tenn.
NAPERVILLE, Ill.—The seventh winner in Alloya Corporate FCU’s “10 for 10 for 10” initiative has been named: Finn Foundation, Inc.
WASHINGTON—Comments are now due Jan. 6 after the Consumer Financial Protection Bureau published its small business lending data collection proposal in the Federal Register.