WASHINGTON—The Financial Accounting Standards Board (FASB) will be holding a number of meetings this week with the current expected credit loss (CECL) standard on the agendas.
Fresh Today
SIOUX FALLS, S.D.—Destruction from multiple tornadoes last week and the flooding from the storms has caused issues for at least two credit unions in this state, the CU Association of the Dakotas is reporting.
PITTSBORO, N.C.–One man has been arrested here for allegedly entering a credit union branch, firing two shots and taking a branch manager hostage.
WASHINGTON –NAFCU recognized Visions Federal Credit Union’s Director of Government Affairs, Patricia F. Shermot, with the association’s 2019 Paul Revere Award.
ZURICH, Switzerland—Seven mobile payment service providers in mainly smaller European countries plan to join forces to create a cross-border network open to millions of users, the European Mobile Payment Systems Association (EMPSA) said.
SAN JUAN, Puerto Rico—After two years of efforts, the Financial Oversight and Management Board for Puerto Rico is reporting little to no progress in reforming the Public Corporation for the Supervision & Insurance of Cooperatives in Puerto Rico (COSSEC), a new report claims.
ALBANY, N.Y.—Two New York credit unions have announced a merger following a vote by members of Postal Employees of Troy (N.Y.) Federal Credit Union (PETFCU) approving a combination with CAP COM Federal Credit Union.
TACOMA, Wash.–An alarm bell is being sounded over a change made by the federal government that means credit unions have only until Oct. 7 to contact grant-writers to apply for CDFI Funds next year.
ST. LOUIS–A new survey that reveals how prepared Baby Boomers are for retirement won’t come as a big surprise to many in credit unions: they are not.
SAN FRANCISCO—A new report indicates consumer confidence in the economy may not be slipping after all.