EDMONTON, Alberta–The winner of $1 million from a credit union here is 24 years old and just graduated from the University of Alberta.
Fresh Today
ALBANY, N.Y. – In what this state’s credit unions are calling a “major victory,” the New York State Assembly has passed a bill allowing credit unions access to the state Banking Development Districts Program for the first time, allowing CUs to receive up to $10 million in subsidized public deposits and other benefits.
WASHINGTON—As the Senate begins debate on its version of the fiscal year 2020 National Defense Authorization Act (NDAA), NAFCU is pushing the Upper House to delete language in section 2821 that would give banks the same access to leases on military bases that credit unions currently have. The House has already deleted similar language from its version of the NDAA.
CHARLOTTE, N.C.—In another sign that the contactless plastic wave is coming fast, Bank of America is moving to mass reissue NFC cards in certain markets.
SHEBOYGAN FALLS, Wis.—Kohler Credit Union has broken ground on a new Corporate Center here. The project is being overseen by La Macchia Group.
WICHITA, Kan.–Skyward Credit Union has selected Dolphin Debit to manage its ATMs. The credit union made the move as the result of the prospect of having to update all its ATMs for Windows 10 by next year’s deadline.
SACRAMENTO, Calif.—California CPAs are requesting that the Financial Accounting Standards Board consider adding a project or task force to the board to address the accounting and disclosure of cryptocurrencies.
VIENNA, Va.–For the fourth consecutive year, Navy FCU has been ranked number-one in customer experience among multi-channel credit unions/banks in Forrester’s 2019 U.S. CX Index survey.
NEW YORK—More U.S. consumers are defaulting on their credit cards, but banks may be holding onto the riskiest loans instead of passing them off to investors, a new report suggests.
BEECH GROVE, Ind.–Teachers Credit Union has entered into another naming rights and cash management deal with a local school district. South Bend, Ind.-based TCU said it has signed a 10-year deal with Beech Grove City Schools for a total $1.2-million.