VALDOSTA, Ga. – NCUA has placed Southern Pine Credit Union here into conservatorship.
Fresh Today
LA CROSSE, Wis.–Marine Credit Union said it has made investments in expanded digital services and as a result plans to close 18 of its branches effective July 8.
WASHINGTON—CUNA has sent a number of letters to Capitol Hill regarding mortgage forbearances, the CARES Act & the PPP, housing assistance proposals, and FHA-insured loans.
WASHINGTON—Treasury Secretary Steven Mnuchin told the Senate he would support targeted additional aid to businesses of all sizes that have been hit hardest by the coronavirus pandemic. Mnuchin’s comments came during a hearing by the Senate Small Business Committee on Wednesday.
MADISON, Wis.—The World Council of Credit Unions hosted a webinar examining racial issues and credit unions, while also announcing a new alliance to help fight discrimination worldwide.
MADISON, Wis.–The Credit Union Executives Society said it is committing to fighting racial injustice.
OKLAHOMA CITY, Okla.–Tinker Federal Credit Union has placed an employee on administrative leave after one of its employees posted “offensive comments” on her personal Facebook page. The comments made were related to the death of George Floyd at the hands of Minneapolis Police, which has set off protests across the U.S. and the world and launched new discussions around racism.
WASHINGTON–In the wake of new attention to the problem of racism in the United States, the National Credit Union Foundation has put forth a suggested rebranding of the Cooperative Principles.
WASHINGTON—A bipartisan group of Senate Banking Committee members have called on Treasury Secretary Steven Mnuchin to conduct an in-depth study of the current expected credit loss (CECL) standard to better understand its impact on lending and the economy overall.
WASHINGTON—With the National Defense Authorization Act (NDAA) for fiscal year 2021 being marked up this week, the Defense Credit Union Council is asking the Senate Armed Services Committee to “strike any provisions that would alter the status quo.”