ST. PETERSBURG, Fla.—PSCU has extended its payments processing agreement with Fiserv, which it first entered into in 1989.
Fresh Today
ALEXANDRIA, Va.–The NCUA board has voted to put out for 60-day comment a proposal that offers two suggested approaches to simplify the risk-based capital requirement, one of which borrows from a model in place for community banks.
ALEXANDRIA, Va.–The NCUA board has voted 2-1 to put out for 30-day comment a proposal that would expand the lending authorities of CUSOs.
ALEXANDRIA, Va.–The NCUA board has voted 2-1 to put out for 30-day comment a proposal to raise the definition of a “complex” credit union to $500 million in assets from $50 million for purposes of being required to determine risk-based net worth.
ALEXANDRIA, Va.–NCUA is proposing to turn its CAMEL rating system into a “CAMELS” rating system, with the new “S” representing sensitivity to market risk, and specifically, interest rate risk.
ALEXANDRIA, Va.–The NCUA board was given an update on the agency’s Advancing Communities through Credit, Education, Stability & Support (ACCESS) initiative, which is aimed at expanding financial services into underserved and unbanked communities.
MIDLAND, Mich.–Three credit unions have announced a combined $18-million in funds returned to members as bonus dividends and loan interest rebates.
WASHINGTON–Sen. Sherrod Brown (D-OH), the next chairman of the Senate Banking Committee, has proposed a sweeping agenda for the committee, saying he will seek to improve housing and banking services for low-income Americans, fight global warming and foster racial equality now that Democrats control both chambers of Congress and the White House.
WASHINGTON—NAFCU President and CEO Dan Berger has written to the Small Business Administration (SBA) following the announcement that there will be a dedicated window for Paycheck Protection Program (PPP) applications from small lenders, urging that all credit unions be included in the application window.
ARLINGTON, Va.—Total consumer credit rose 4.4% in November (seasonally-adjusted, annualized), up 0.4% versus a year ago.