ARLINGTON, Va.–There was some good news and some concerning news coming out of last week’s NCUA board meeting.
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WASHINGTON–With the Senate scheduled to hold a hearing on credit reporting this week, one credit union association said the issue is one CUs keep an eye on, but it hasn’t really risen to the top of concerns.
GLASGOW, Scotland–A free webinar will be held today offering “21 Big Picture” issues that should be on the agenda of any growth-oriented credit union, along will further feature steps credit unions should take to ensure they are operationally resilient. The 21 Big Picture ideas portion of the program will be led by Frank J. Diekmann, cooperator-in-chief at CUToday.info.
BEAVERTON, Ore.–A man here has been sentenced to four years in prison for a scam in which he posed as a credit union employee and made calls to members to defraud them of their funds.
JACKSON, N.J.–NCUA has placed Empire Financial FCU here into conservatorship. The $3.04-million Empire Financial has approximately 343 members.
ARLINGTON, Va.—Existing-home sales fell 2.7% in April to a seasonally-adjusted rate of 5.85 million units, representing a 33.9% increase in sales versus a year ago.
DALLAS–Sky-high home prices mean demand for ever bigger mortgages, but those prices may also be causing a pullback in homebuying overall, according to one analyst.
CHICAGO—Alliant Credit Union is reporting its loan trading desk sold $186.5 million and acquired $89 million in commercial and consumer loan participations during the first quarter of 2021.
WASHINGTON–CUNA has filed separate comment letters with NCUA on the Central Liquidity Facility and asset thresholds, respectively.
CINCINNATI—Two credit unions have announced new building projects, both of which are being led by the design/build firm DEI.