MIDLAND, Mich. – The Michigan Credit Union League (MCUL) has named its 2019 Credit Union Professional of the Year: Lisa Gray, compliance and risk management director with Dow Chemical Employees’ Credit Union.
Fresh Today
WASHINGTON—NAFCU told the Small Business Administration (SBA) in a letter to the agency it supports proposed rulemaking to streamline and modernize its Certified Development Company (CDC) program corporate governance requirements.
NEW YORK–A year after launch, JPMorgan Chase is scrapping a digital banking app it was piloting in an attempt to attract younger consumers.
MURUPARA, N.Z.–A small town here is out of cash and it may remain that way after a local credit union’s ATM was stolen for a second time.
WASHINGTON–Both the House and Senate are back in session this week, and credit union attention will be on the markup of eight bills in the House as well as any signals related to the timetable for GSE reform.
INDIANAPOLIS–Seven credit unions that have already suffered more than $150 million in losses from loans made to students of the former ITT Technical College have now agreed to pay more than $7 million to bring the painful ordeal to a close.
WASHINGTON—The latest jobs report – with 75,000 jobs gained in May – reveals inflation-related pressures are minimal, which, combined with other concerns, could force the Fed to cut interest rates, asserts one analyst.
FRANKENMUTH, Mich.–The loan manager at a credit union is among 22 people here who have been arrested as part of a child sex sting operation.
WASHINGTON–The Independent Community Bankers of America said it has formed a new task force to address what it called the “disturbing trend” of “large credit unions increasing their taxpayer-subsidized footprint by buying up smaller, taxpaying community banks.”
CLEVELAND–Splash Financial, a start-up that has partnered with the Pentagon Federal Credit Union to refinance student loans, has raised $4.3 million in a round of venture financing led by CMFG Ventures, a unit of CUNA Mutual Group, and Northwestern Mutual Future Ventures.