SCHAUMBURG, Ill. –– The $858-million Andigo Credit Union and the $1.41-billion Consumers Credit Union in Gurnee, Ill. said they have officially merged, creating the fifth largest credit union in Illinois, but they will continue to run their respective operations, mostly as-is, until 2021.
Fresh Today
OVERLAND PARK, Kan.–Rochdale Paragon Group has announced what it said is a “unique, all-inclusive: vendor risk management services agreement with Open Technology Solutions (OTS) and Shared Service Solutions (S3).
ALBANY, N.Y.–SEFCU here is joining with News10ABC and iHeartMedia Albany to help feed the community through a new online fundraising campaign called “No Neighbor Hungry.”
HARRISBURG, Penn.–Pennsylvania State Employees Credit Union has launched a “You Can Make a Difference” tree planting campaign to encourage members to switch from paper to electronic banking statements.
NEW YORK–Efforts by credit unions to offer special assistance and relief to members during the coronavirus pandemic and resulting economic downturn have received some national attention in Forbes.
WASHINGTON–The new acting chief regulator of national banks has begun his tenure in the job by issuing a statement outlining four priorities he said would guide him in his new position.
WASHINGTON–Ahead of today's House Financial Services Subcommittee hearing on the role CDFIs and MDIs in supporting underserved communities and small businesses, NAFCU Vice President of Legislative Affairs Brad Thaler sent a letter to the subcommittee, saying credit unions are proud of their record of diversity and commitment to "helping the portions of their communities that are most in need with high quality financial products and services.”
WASHINGTON—The World Council of Credit Unions said it has joined with the European Network of Credit Unions (ENCU) and the European Union Credit Union Parliamentary Interest Group (EUCUPIG) in sending two separate letters calling for regulatory relief to allow credit unions in the European Union (EU) to play a critical role in the response to the COVID-19 pandemic.
DUBLIN, Ireland–Credit unions in this country have seen a surge of members opening “current accounts,” with the pandemic helping to boost the numbers and especially contactless payments, according to a new report.
ST. PETERSBURG, Fla.—Credit card spend continues to lag behind last year’s levels but it has also risen for the sixth consecutive week, while debit spend also continues to rise during the COVID-19 crisis, according to PSCU’s Advisors Plus latest weekly transaction analysis.