SUMTER, S.C. – SAFE Federal Credit Union said it has named a new president/CEO to succeed the retiring Darrell Merkel.
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ALEXANDRIA, Va. – Small, low-income credit unions designated as minority depository institutions may apply for mentoring grants from May 1 through June 30, NCUA announced.
WASHINGTON—The Federal Reserve Board announced temporary actions intended to increase the availability of intraday credit extended by the Federal Reserve Banks on both a collateralized and uncollateralized basis.
WASHINGTON — The Consumer Financial Protection Bureau has released an outline of practices it said provides mortgage servicers clarity, facilitate compliance, and prevent harm to consumers during the transfer of residential mortgages.
WASHINGTON–Round two of the Paycheck Protection Program begins today, with $60-billion in funds reserved for smaller institutions such as credit unions and CDFIs to distribute.
ALEXANDRIA, Va.–NCUA said it is temporarily postponing a half-million-dollar plan to rebrand and modernize the share insurance signage and other agency branding in order to focus resources on its response to the COVID-19 pandemic.
MADISON, Wis.–Capital and liquidity may never be more important to credit unions than they will be during what looks to be a very challenging second half of 2020 and all of 2021, according to one analyst, who said provision for loan losses is going to be a big topic of discussion, as will be negative ROA a year from now.
WESTBROOK, Maine–Infinity FCU launched a new campaign, “We Will Rise,” aimed at bringing hope and positivity to the communities it serves during these uncertain times.
TEMPE, Ariz.—The City of Tempe and the $4.9-billion Desert Financial Credit Union have launched a $1-million Tempe Small Business Emergency Loan Program.
ARLINGTON, Va.—New home sales fell to 627,000 units in March – down 15.4% from February's revised rate of 741,000 units and 9.5% from a year ago.