TUSCALOOSA, Ala.—The $1.3-billion Alabama Credit Union has agreed to purchase $39-million Security Federal Savings Bank in Jasper, Ala.
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ALEXANDRIA, Va.–NCUA has sent a Letter to Credit Unions with a Q&A related to its recent move to lift the prohibition of capitalization of interest in connection with loan workouts and modifications from part 741, Appendix B.
NAPERVILLE, Ill.–The Illinois Credit Union System is reporting the #ilovemycreditunion Twitter campaign it championed nationally on July 30 reached more than 22-million people.
DUBLIN, Calif.–Credit unions in California and Minnesota have announced separate merger plans.
OKLAHOMA CITY, Okla.–Mike Kloiber, president and CEO of the $5.6-billion Tinker FCU is retiring at the end of August.
WASHINGTON—The Federal Reserve has extended the comment period for its proposed rule to govern funds transfers over its FedNow Service, which would establish a new, comprehensive set of rules and set out legal rights and obligations of the Reserve Banks and FedNow Service participants.
WASHINGTON—CUNA said it supports the Federal Reserve’s ongoing development of the FedNow service, a 24x7x365 real-time payments network.
ALEXANDRIA, Va. – NCUA has named Miguel A. Polanco as its director for the Office of Minority and Women Inclusion.
TRAVERSE CITY, Mich.— 4Front Credit Union is partnering with PSCU for credit and debit card processing services, as well as contact center support, the CUSO reported.
BOISE, Idaho/TIGARD, Ore./SEATAC, Wash. — The Northwest Credit Union Association is reporting that in the three states in which it represents credit unions a number of advocacy achievements have been accomplished.