HARRISBURG, Penn.–Pennsylvania State Employees Credit Union has named a new president. The $5.4-billion credit union has named George Rudolph to lead the organization effective in April, following the retirement of Greg Smith, who has served as PSECU’s President for the past 28 years.
Fresh Today
WASHINGTON—Overall consumer prices decreased a seasonally adjusted 0.1% in December. A 7.5% drop in the gasoline index led the overall consumer price index (CPI) to dip below 2% for the first time since August 2017.
FORT WORTH, Texas–The $7-billion American Airlines FCU has named a new CEO.
SPRINGFIELD, Mo.–CU Community Credit Union has changed its name. The $116-million CU is now Mulitipli Credit Union.
PEORIA, Ill.–Four more credit unions have announced new extraordinary dividends and loan interest refunds to members, including a record $50 million from CEFCU.
WASHINGTON—The Financial Accounting Standards Board (FASB) will hold a public roundtable discussion on implementation issues related to the current expected credit loss (CECL) standard Jan. 28.
HOBOKEN, N.J.–A new analysis shows which student lenders received the most complaints from consumers to the CFPB.
IDAHO FALLS, Idaho — A man who allegedly robbed one credit union in order to use the money to pay off a bill at another credit union is blaming the whole thing on alternate personality.
WASHINGTON—Mark Calabria, chief economist for Vice President Mike Pence, has been nominated to lead the Federal Housing Finance Agency (FHFA).
BASEL, Switzerland—The Bank for International Settlements (BIS), the central bankers’ bank, has published a report about Central Bank Digital Currency (CBDC). The conclusion is central banks should proceed with caution.