SANTA ANA, Calif.–A long-time member of SchoolsFirst FCU here has published an opinion piece on a local news and community website claiming the CU’s board has created an “exclusive private club” and has made it “nearly impossible for anyone to serve.”
Fresh Today
WASHINGTON—The average compensation for CEOs at large state-chartered credit unions with at least $1 billion in assets was $1,030,696 for 2018.
SAN JOSE, Costa Rica–An initiative is being launched that aims to expand the “youth committees” created by Brazil’s credit unions to other CU movements around the world.
MADISON, Wis.–Three young credit union professionals from three different continents have each received a scholarship that includes an all-expense paid trip to Glasgow, Scotland for the 2021 World Credit Union Conference.
ARLINGTON, Va.–Meeting virtually, the National Association of State Credit Union Supervisors (NASCUS) hosted its third annual “Exchange” featuring regulators, credit union leaders and NCUA Board Chairman Rodney Hood.
ALEXANDRIA, Va.–During a webinar marking the 30th anniversary of the enactment of the Americans With Disabilities Act, NCUA Chairman Rodney Hood called the ADAa “vital step forward in the ongoing effort to extend our nation’s full promise of life, liberty, and the pursuit of happiness.”
SNELLVILLE, GA – The African-American Credit Union Coalition (AACUC) said Tukwila, Wash.-based BECU has made a $500,000 commitment to the organization over the next five years.
ARLINGTON, Va.– In advance of yesterday’s hearing by the House Financial Services Committee that reviewed the HEROES Act, NAFCU sent a letter in which it outlined ways credit unions are working to provide their members with financial support and relief amid the pandemic and ways Congress can bolster those efforts.
ARLINGTON, Va.—Existing-home sales rebounded 20.7% in June to a seasonally-adjusted annual rate of 4.72 million units, representing the highest month-over-month gain on record. However, sales are remain down 11.3% versus a year ago.
WASHINGTON—NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt sent a letter to the Senate Banking Committee asking for relief for CUs from the member business lending (MBL) cap.