SPOKANE VALLEY, Wash.–Two credit unions have announced plans to merge in a deal that would cross state lines and create a CU operating in four states.
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CHATTANOOGA, Tenn.–The Tennessee Credit Union League has entered into a partnership with Dolphin Debit, the ATM management company, to raise visibility of the company with the 135 CUs in the Volunteer State.
ALEXANDRIA, Va. – The financial services industry must make an institutional commitment to the values of diversity, equity, and financial inclusion, National Credit Union Administration Chairman Rodney E. Hood said Wednesday.
WASHINGTON—As the House Appropriations Subcommittee on Financial Services and General Government (FSGG) begins its markup of the fiscal year 2021 FSGG bill, NAFCU's Brad Thaler is calling for strengthening the Treasury's Community Development Financial Institutions (CDFI) Fund and NCUA's Community Development Revolving Loan Fund (CDRLF), which are utilized by credit unions to support low-income communities.
ALEXANDRIA, Va.—NCUA’s Office of Inspector General (OIG) conducted a self-initiated audit of the Asset Management and Assistance Center (AMC) that found its control activities over its liquidation process adequately have safeguarded personally identifiable information (PII) during the pre-liquidation planning process, records maintenance, and destruction of records of liquidated credit unions.
WASHINGTON—CUNA has written to the House Appropriations Subcommittee on State-Foreign Operations and Related Programs expressing strong support for the $17-million funding level for the Cooperative Development Program (CDP) in fiscal year 2021.
MIDDLETON, Wis. – The American Credit Union Mortgage Association (ACUMA) said it will host a virtual conference, “Celebrating Credit Union Mortgage Heroes,” Sept. 22-23.
WASHINGTON—Could slot machines drive greater use of digital wallets?
KINGSTON, Jamaica–The Jamaica credit union movement's first prepaid Mastercard has been introduced to the country by Community & Workers of Jamaica Co-operative Credit Union Limited (C&WJCCUL). The credit union is rolling the card out in partnership with Alliance Financial Services Ltd., a principal member of the Mastercard network, the Jamaica Observer reported.
WASHINGTON–The Consumer Financial Protection Bureau has issued a final rule concerning small dollar lending, and while the credit union trade groups embraced it, a number of consumer groups and one credit union leader wasted little time in blasting the agency for what is being called a “shameful” decision that will permit some lenders to make loans with APRs as high as 400%.