WASHINGTON–A new report that examines delinquent loans held by young servicemembers leaving active duty reveals credit defaults and other “derogatories” are more likely to occur in the six months after departing the military for those who served at least seven months and up to 35 months.
Fresh Today
MADISON, Wis.—The World Council of Credit Unions is reporting its Credit for Agriculture Producers’ (CAP) Project is providing support to the National Bank of Ukraine in its revision of the country’s credit union regulations.
TYSONS, Va.– The PenFed Foundation has released the findings of an annual study on the top U.S. cities for veteran entrepreneurs.
LIVONIA, Mich.–The Michigan Credit Union League (MCUL) has named the state-level winners of CUNA’s Louise Herring, Dora Maxwell and Alphonse Desjardins awards programs.
NEW YORK—As credit card delinquencies remain low, major issuers are seeking to expand their cardholder bases.
NEW YORK—Credit card companies shifted away from travel benefits at the onset of the coronavirus pandemic, but the perks are starting to make a return.
WASHINGTON—The Senate Appropriations Committee has released its FY2021 funding bills, with several containing funding for credit union priorities, although funding is currently lacking for the Community Development Revolving Loan Fund. Funding for the federal government is scheduled to expire Dec. 11.
MADISON, Wis.–The $34-million Post Office Credit Union here is asking its members to vote on merging into the $26-billion PenFed Credit Union, with an offer of a $200 payout per member should the combination be approved and generous compensation to two POCU executives should they exit the organization.
WASHINGTON–The Office of the Comptroller of the Currency (OCC) has released a new report in which it said its top “emerging risk” is credit risk.
WASHINGTON—Bill Bynum, CEO of Hope FCU in Jackson, Miss., has been appointed to the Biden-Harris Agency Review Team for the Consumer Financial Protection Bureau.