Fresh Today

WASHINGTON—The Independent Community Bankers of America (ICBA) has released its annual list legislative and regulatory priorities and, not surprisingly, the credit union tax exemption is near the top.

ALEXANDRIA, Va.–New NCUA Chairman Todd Harper’s term officially expired on Monday, but he is not expected to be exiting the board anytime soon. Numerous NCUA board members have in the past served in a “holdover” capacity, often for extended periods.

WASHINGTON–For the fourth time, the House of Representatives has passed the SAFE Act, which provides protections to banks and credit unions that service state-legal marijuana businesses from being penalized by federal regulators

WASHINGTON–With both credit union trade groups pressing Congress to bring fintechs under the same regulatory umbrella as other financial institutions, one of the key questions to be asking is what happens when things go wrong, according to NAFCU.

WYOMING, Minn.— CU Recovery, a PSCU company, is reporting it saw a record-breaking month in recoveries for its more than 850 credit union clients by collecting more than $3 million in charged-off debt in March.

BILLINGS, Mont.—Altana FCU has named a new president/CEO to succeed the retiring Rhonda Diefenderfer. The $351-million AFCU has selected Jason Hagadone to lead the organization, effective in May.

WASHINGTON—CUNA said it has received its third nomination for the District 6, Class B CUNA Board special election, from Nader Moghaddam, president/CEO, Financial Partners CU, Downey, Calif.

TYSONS, Va.–In conjunction with Second Chance Month, PenFed Credit Union President and CEO James Schenck and NCUA Board Member Rodney Hoodvisited the headquarters of Bungee Obleceni in Philadelphia to meet with its founder and lead designer Darrell Alston.

HERNDON, Va.–The ACH Network saw volume soar in the first quarter of 2021, setting two new records in the process.

ALLEN, Texas – Credit Union of Texas has launched a branded food truck called Community Grill that will be used for local events.