BIRMINGHAM, Ala.—Responding to banker criticism of CU acquisitions of banks, Patrick La Pine, CEO of the League of Southeastern Credit Unions, wrote in an opinion piece such purchases are a “win-win” for consumers, communities and the respective financial institutions.
SCHAUMBURG, Ill.–Two Illinois CUs have announced plans to merge and create a more than $2-billion institution.
NORTH CHESTERFIELD, Va.–This state’s bankers are pushing back on a plan by Virginia Credit Union to expand its field of membership.
LOS ALAMOS, N.M. –Zia Credit Union has named a new CEO. The $145-million ZCU said it has selected Dwayne Herrera to lead the organization and replace David Woodruff, who left Zia to become CEO at APL Federal Credit Union in Laurel, Md., in March of this year.
ARLINGTON, Va.—NAFCU has made a donation to the African-American Credit Union Coalition’s Pete Crear Scholarship Fund in honor of Maurice Smith.
NEW YORK—Some Canadian consumers have had their credit card debt erased by one bank. Chase Bank says it is forgiving all outstanding debt owed by users of its two Canadian credit cards as it exits the market.
WASHINGTON–The Consumer Financial Protection Bureau has issued a new report noting some consumers have expressed concern over its practice of forwarding complaints received from other federal financial regulatory agencies on to the companies being complained about. The CFPB said the practice is just one of its internal practices.
HILLSBORO, Ore.–The Credit Unions for Kids Northwest Classic, organized by First Tech FCU and others, raised more than $1.5 million to support Credit Unions for Kids, benefiting six Children’s Miracle Network Hospitals across California, Colorado, Oregon and Washington.
ALBANY, N.Y.—New York is the latest state to adopt a law that requires businesses that collect private information on its residents to implement reasonable cybersecurity safeguards to protect that information.
SAN ANTONIO - Two men have been arrested here after attempting to steal an ATM from a credit union branch here.
