PARADISE ISLAND, Bahamas—A tiny $7-million CU on the brink of conservatorship in 2010 has grown to $37 million in assets today with 2.67% annual ROA and 27% annual loan growth.
Fresh Today
PARADISE ISLAND, Bahamas–Three very different perspectives and scenarios related to the regulation were shared here by people from three different parts of the world. The remarks and insights were shared during WOCCU’s World Credit Union Conference here during a session titled “Next Generation Regulation.”
PARADISE ISLAND, Bahamas–The Worldwide Foundation for Credit Unions has now surpassed its $100,000 goal for its Project Storm Break disaster relief fund following an event here.
PARADISE ISLAND, Bahamas–Where is credit union membership growing fastest? During the World Council’s World CU Conference here, the World Council recognized credit union associations from North, South and Central America with awards for posting the greatest membership growth.
SALT LAKE CITY– Japanese e-commerce giant Rakuten has filed an application for an industrial loan company charter in Utah. The company operates numerous businesses, including the U.S. rewards brand Ebates.
ALEXANDRIA, Va.–NCUA has opened registration for an Aug. 14 webinar that will review how it examines for liquidity and interest-rate risks.
WASHINGTON—NAFCU has told NCUA it supports an agency proposal to allow federal credit unions (FCUs) to receive public unit and nonmember shares up to 50% of paid-in and unimpaired capital and surplus less any public unit and nonmember shares.
WORCESTER, Mass.– Worcester Credit Union has named a new president and CEO. The credit union has selected Lisa Perrin to succeed long-term President/CEO Karen Duffy, who will be retiring on August 31 after leading the organization for 25 years.
WASHINGTON—NAFCU's Ann Kossachev is urging the Social Security Administration (SSA) to extend the initial enrollment period – which is currently set to end today at 6 p.m. ET – for its electronic Consent Based Social Security Number Verification (eCBSV) service. Institutions could begin enrolling in the system July 17.
WASHINGTON—The Department of Labor (DOL) is being urged to issue a final rule on financial reporting for labor organizations that exempts the reporting of information on labor-affiliated credit unions.