STUDIO CITY, Calif.–The wife of the CEO who allegedly embezzled $40 million from a credit union is an actress and singer with a number of slickly produced videos and small movie roles to her credit.
Fresh Today
VIENNA, Va.–Navy Federal Credit Union has agreed to settle a class action lawsuit over its overdraft fees for $24.5 million.
WASHINGTON—One economist is saying the latest jobs report – with 196,000 jobs gained in March – makes a rate move from the Fed in either direction unlikely.
PHOENIX–Two Arizona credit unions have announced plans to merge. The $193-milloin Canyon State Credit Union and the $248-million Deer Valley Credit Union said they plan to combine and now plan to put the proposal in front of their respective memberships.
WASHINGTON—Outstanding consumer credit at credit unions experienced a slight contraction during February, according to the Federal Reserve.
CHICAGO–More than 850 people turned out for the Illinois CU League’s 89th annual meeting here. Among those addressing the meeting was then NCUA Chairman (now board member) J. Mark McWatters, who was the opening keynote, as well as Kevin Smith from TEAM Resources and Andy Janning, a popular speaker, author, and photographer.
MADISON, Wis.–CUNA has published an update to its annual white paper on the credit union tax status that again posits the tax exemption is one of the best investments the federal government has ever made.
WASHINGTON—Representatives of consumer and community development organizations – including credit union representatives – can now apply for membership on the Federal Reserve Board's Community Advisory Council (CAC) for terms beginning Jan. 1, 2020.
ALEXANDRIA, Va.–NCUA has a new chairman. President Trump has designated Rodney E. Hood as the 11th chairman of the agency.
HARRISBURG, Penn./EAST WINDSOR, N.J.–The Pennsylvania Credit Union Association and the New Jersey Credit Union League have announced plans to merge and create a new trade group.