WEIRTON, W.V.–Credit unions in West Virginia and Illinois have announced mergers in two separate deals.
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POTTSTOWN, Penn.–John Faust, president/CEO of Diamond Credit Union, has announced plans to retire in May of 2022. The credit union said it has launched a search for a successor.
ROANOKE, Va.–Freedom First Credit Union said it has purchased the Elmwood Building in Roanoke’s downtown historic district to serve as its future corporate headquarters.
SEATTLE–Express Credit Union is reporting strong growth after moving to serve several underserved segments in its community: immigrants and Hispanics.
MADISON, Wis.–More than a dozen credit unions are among the more than 70 employers in Wisconsin participating in a program that encourages employees to save automatically for emergencies.
PECOS, Texas–The U.S. District Court for the Western District of Texas has granted summary judgment in favor of the CFPB in an action filed by two trade groups challenging the payment provisions of the Bureau’s 2017 final rule covering “Payday, Vehicle Title, and Certain High-Cost Installment Loans.”
WASHINGTON–CUNA said its “Credit Union Awareness” initiative, better known to many as the “Open Your Eyes” campaign, is “making significant progress towards the goal of increasing consumer consideration for the credit union category.”
ZURICH, Switzerland—Merchants in Switzerland can now accept cryptocurrencies as a means of payment for goods and services, following a deal between one of Europe’s leading payment providers, Worldline, and crypto finance and technology pioneer Bitcoin Suisse, Pymnts.com reported.
NEW YORK—Last week’s disappointing employment numbers were labeled a “big jobs miss” by two economists in credit unions, who offered their thoughts on how the report might change things.
NEW YORK–While it may seem difficult to believe given the deposit inflows of the past year, not every government stimulus dollar went into savings and checking accounts.