MADISON, Wis.–The Worldwide Foundation for Credit Unions has released a new video that seeks to highlight international development projects, learning initiatives and disaster relief efforts the World Council for Credit Unions (WOCCU) administers through the global credit union movement.
BALTIMORE, Md.–MECU Credit Union has rolled out a rebranding as part of what the credit union said is an effort to grow membership and increase name recognition in the broader Baltimore market.
WASHINGTON–Four payday lenders have settled a lawsuit they filed against the FDIC alleging it improperly forced them to terminate relationships as part of the Obama Administration’s Operation Choke Point.
WINSTON-SALEM, N.C.–Piedmont Advantage Credit Union has selected a new CEO. The $362-million credit union has chosen Dion Williams to lead the organization.
PALESTINE, Texas–Judy Ann Florence Underwood Pugh, who retired as manager of Anderson Country FCU at year-end 2018, has died. Ms. Hugh passed away at Hospice of East Texas in Tyler, Texas, surrounded by family and friends, the Cornerstone Credit Union League reported.
PURCHASE, N.Y.—In a move that signals how consumers’ service expectations are being shaped by all retailers, Mastercard is partnering with ZIVELO, a leader in self-service kiosk technology, to enhance the drive-in and drive-through ordering experience for quick service restaurants (QSRs) with a first-of-its-kind AI-powered voice assistant and personalized dynamic menu, the company said.
CHATTANOOGA, Tenn.–Credit union professionals and volunteers have been honored in Tennessee and Maine.
LONDON—The European Commission is working on its biggest regulatory push on banking since the 2008 financial crash that could curb Britain’s access to the bloc, reported Reuters, citing an internal draft document the news outlet received.
ALEXANDRIA, Va.—By 3-0 vote, the NCUA board Thursday approved a proposal that would raise the current nonmember deposit limit from 20% to 50%.
WASHINGTON–Both credit union trade groups have expressed support for so-called “stop and study” legislation that would delay implementation of FASB’s CECL standard.
