MADISON, S.D.–East River FCU has named a new CEO. The credit union has selected Tanya Hobson to lead the organization.
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WASHINGTON–Credit unions are using CUNA’s Member Activation Program (MAP) for a new purpose, according to Richard Gose, the trade group’s chief political officer.
MADISON, Wis.—In follow-up to a meeting between the Basel Committee on Banking Supervision and representatives of the World Council of Credit Unions, WOCCU has written to the Committee seeking further guidance on “when less-complex regulatory approaches can be warranted for credit unions.”
FRISCO, Texas--PenFed Credit Union said it has purchased land here for a new mortgage servicing center. It expects to create approximately 30 new jobs.
ARLINGTON, Va.–With two new members joining the NCUA board this week, NAFCU said that among the top issues it hopes will be tackled by the newly reconstituted board is CECL.
WASHINGTON–A number of congressional hearings of interest to credit unions are on the agenda this week, including one hearing at which a credit union executive will testify.
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.
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.