NEW YORK—Even as Progressive Credit Union was losing almost $97.2 million during 2017, its then CEO, Robert Familant, was paid approximately $1.9 million, a new report reveals. The credit union has since been merged.
Fresh Today
LONDON–Another data breach has been announced, this one potentially exposing details on more than 10,000 institutions and their students. The company said financial information has not been compromised.
ALEXANDRIA, Va.--NCUA is offering grants of up to $25,000 for a new pilot mentoring program for small low-income credit unions that are also designated as minority depository institutions, the agency announced.
WASHINGTON—The CFPB has reopened the comment period on its proposal to raise the Home Mortgage Disclosure Act's (HMDA) transactional and institutional reporting thresholds. Separately, it has published a final rule related to Reg Z.
MIDDLETOWN, R.I.––The Peoples Credit Union here has named a new CEO, Sean Daly, to succeed Ellen Ford, who is retiring after 17 years leading the organization and 37 years with the credit union.
MARLBOROUGH, Mass.–Digital FCU said it has selected Credit Union Student Choice, a provider of higher education financing solutions, to provide its members with special access to “innovative planning tools and advising that will help them make smarter college financial decisions.”
SEATTLE—Verity Credit Union has joined the OnApproach M360 Enterprise industry platform offered by Trellance.
ARLINGTON, Texas – Two credit unions have announced recent bonus payouts and dividends to members.
WATERFORD, Mich.–Separate mergers have been announced in Michigan and Connecticut.
LIVONIA, Mich.–CU Solutions Group (CUSG), a CUSO majority-owned by the Michigan Credit Union League, has acquired research firm MemberXP.