ARLINGTON, Va.–NAFCU has named eight winners in its 2021 Annual Awards Competition, which it said seeks to honor member credit unions and credit union professionals and volunteers for excellence and achievement in the industry.
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WASHINGTON–The Treasury Secretary and the heads of federal agencies overseeing financial markets have signed a joint letter in response to concerns raised that nonfinancial corporations are not, in most cases, being offered alternatives to the soon-to-be-defunct LIBOR reference rate.
ALEXANDRIA, Va.–NCUA has announced federally insured, low-income credit unions seeking a Community Development Financial Institution (CDFI) certification can apply for the agency’s streamlined qualification process between Sept. 12 and Oct. 15.
MADISON, Wis.—CUES has released its 2022 Learning & Events Calendar and other tools it said industry professionals can now use as they plan for next year.
TUCSON, Ariz. — Vantage West Credit Union said it plans to use a $1.8 million grant it won from the Community Development Financial Institutions (CDFI) Fund to support community credit needs amid the COVID-19 pandemic.
NEW YORK—Venmo Credit Card users can now automatically purchase cryptocurrency using cash back earned from card purchases.
NEW YORK—The credit card details of approximately million people has been released by hackers as a promotional stunt for a new criminal marketplace.
MINNEAPOLIS—U.S. Bank has entered into an agreement to acquire Bento Technologies, known as Bento for Business, a fintech company based in Chicago and San Francisco that provides payment and expense management services to small and mid-size businesses.
MADISON, Wis.–The average asset size of a credit union now stands at $381.2 million, up a “remarkable” 22% from a year ago, while the median asset size is $46.5 million, up 24% over the last year, indicating the loss of smaller credit unions, according to CUNA Mutual’s latest Trends Report, which examines CU performance through June.
WASHINGTON–CUNA is calling on the Department of Housing and Urban Development to put a safe harbor as part of new rules codifying a discriminatory effects standard that would help credit unions limited by field of membership limitations.