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.
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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.
WESTBROOK, Maine–The Maine Credit Union League, one of its subsidiary companies and a number of credit unions in the state have all been named to the 2021 Best Places to Work in Maine list.