ALEXANDRIA, Va. –NCUA announced it will pay out $160.1 million to more than 5,500 institutions credit unions eligible for a distribution from the National Credit Union Share Insurance Fund distribution.
Fresh Today
WASHINGTON—Ahead of Congress’ Memorial Day recess next week, both the Senate and House are back in session, with credit unions paying attention to legislation related to certain roll-backs at the CFPB, as well as funding for the National Flood Insurance Program (NFIP).
NEW YORK–The effect of CECL extends far beyond the accounting function to a much longer-term issues, including forecasting, business models, strategic decisions, KPIs and especially the ability to communicate with non-financial people.
NEW YORK–Credit union CFOs here were told their job is about more than just crunching numbers and, much like marketers, they also have a job to do in telling a story.
NEW YORK—Americans now pay their financial institutions an average 17% interest on credit cards, the highest level recorded by the Federal Reserve, a new report reveals.
RED ROCK, Okla.–Otoe-Missouria FCU here has been presented with a new federal credit union charter.
HARRISBURG, Penn.—CUNA said it is closely watching the outcome of a special election in Pennsylvania's 12th District.
WASHINGTON—With NCUA saying credit union’s preparedness for the Financial Accounting Standards Board’s (FASB) current expected credit loss model (CECL) is a supervisory priority in 2019, the agency now has an AIRES examination questionnaire on CECL preparedness available as an Excel file.
WASHINGTON—Treasury Department Counselor Craig Phillips is expected to leave the department next month, according to a report from Politico.
ERIE, Penn.–A credit union marketing executive has left his job after criticizing “union bullies” and “UE fools” at the plant the credit union was originally chartered to serve.