LAUREL, Md.–APL FCU has named a new CEO. The credit union has selected David Woodruff to lead the $487-million organization, succeeding Jim Deegan, who has retired after 28 years with APL FCU.
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WASHINGTON–Several federal banking agencies have proposed a rule to limit the interconnectedness of large banking organizations and reduce the impact from failure of the largest banking organizations.
ALEXANDRIA, Va. – Online registration is now open for an April 24 webinar discussing programs and initiatives NCUA’s Office of Credit Union Resources and Expansion (CURE) has planned for 2019.
MARHANETS, Ukraine—The World Council of Credit Unions (WOCCU) is reporting it has added a sixth Ukrainian credit union to its Credit for Agriculture Producers (CAP) Project pilot program for strengthening credit unions in the country. WOCCU said it has signed a Memorandum of Cooperation with Yednannya cherez Pryodnyi Zakon (Unity through Law of Nature), a credit union based in Marhanets, Ukraine.
SAN DIEGO–Mitchell Stankovic & Associates has announced a 2019 slate of its “Underground Collision” conferences.
NEW YORK—Big banks continue to respond to new competition from fintechs, the latest being Citigroup, which has announced its plans to develop its own consumer-payments platform that would allow payments from many of the world’s most popular digital wallets.
WASHINGTON–Credit unions have been pushing Congress to clarify the Telephone Consumer Protection Act (TCPA) and create exemptions for CUs while punishing violators, especially robocallers.
NAPLES, Fla.–Vernon Litigation Group said it has filed a “significant FINRA arbitration claim against CUSO Financial Services” on behalf of a Texas-based credit union member that alleges what it calls a “troubling practice” in the securities industry.
MADISON, Wis.–The CUNA Marketing and Business Development Council has named new members to its executive committee.
TUDIO CITY, Calif.–Court documents filed as part of an alleged $40-million embezzlement by the former CEO of a credit union here offer additional insights into how the fraud was perpetrated, uncovered and investigated.