ARLINGTON, Va.—Following NCUA’s announcement last week that it has approved a $160.1 million equity distribution to credit unions from the National Credit Union Share Insurance Fund (NCUSIF), NAFCU said there are still more funds available to be returned.
Fresh Today
WASHINGTON–New legislation has been introduced in Congress to address issues related to banking cannabis businesses. HR 1595, the Secure and Fair Enforcement (SAFE) Banking Act of 2019 has bipartisan support and is cosponsored by Rep. Ed Perlmutter (D-CO), Denny Heck (D-WA), Warren Davidson (R-OH), and Steve Stivers (R-OH).
WASHINGTON—NCUA will share a quarterly report on the National Credit Union Share Insurance Fund (NCUSIF) and will vote on a final rule to reform loans and lines of credit to credit union members at its open board meeting Thursday.
VIENNA, Va.—Navy Federal Credit Union is facing a class action lawsuit over its non-sufficient fund (NSF) practices, a new report indicates. The lawsuit alleges that the credit union's NSF practices are predatory and deceptive.
WASHINGTON – A bill that would give NCUA greater flexibility when it comes to setting loan maturity limits has been introduced by Congress. The bill is being cosponsored by Reps. Lee Zeldin (R-NY) and Rep. Vincente Gonzalez (D-TX).
LITTLE FALLS, Minn.–The former CEO of a credit union that collapsed will be arraigned later this month on felony fraud charges.
TAMPA, Fla.–GTE Financial Credit Union said it has increased its starting wage to $16 an hour. According to the Florida Department of Economic Opportunity, the current minimum wage in the state rose from $8.25 to $8.46 per hour as of January 1. GTE Financial CU said it has been offering a $15 minimum wage for over four years.
BELLINGHAM, Wash.–A man here has been charged with 271 fraudulent transactions against members of one credit union using information captured by a skimmer.
LAS VEGAS–The American Credit Union Mortgage Association (ACUMA) has opened registration for its 2019 "Deep Dive" Workshops.
NEW YORK—Spending cryptocurrencies just got a little easier, according to one provider.