MADISON, Wis.–The World Council of Credit Unions has filed a comment letter with the International Accounting Standards Board that calls for clarification on how regulatory requirements should be accounted for on convertible bonds and similar instruments.
Fresh Today
CHARLOTTE, N.C.—Bank of America has applied for another blockchain-related patent—this one is associated with the development of new cash handling devices.
CHICAGO–Credit unions across the country have announced more than $87 million in bonus dividends and interest rebates for members, and that’s before 2019 is even 10 days old.
JAY, Maine—Two more credit unions have announced year-end bonuses/refunds for members.
WASHINGTON—Credit union membership growth is on pace to grow nearly 4.5% this year, the fastest pace of growth in four decades, CUNA reported.
WASHINGTON—Outstanding consumer credit at credit unions grew, albeit at a slower pace, during November, according to the Federal Reserve.
ARLINGTON, Va.—More in-depth reviews of credit unions' Bank Secrecy Act (BSA) and anti-money laundering policies and a look at the steps taken to prepare for the current expected credit loss (CECL) standard are expected during NCUA examinations this year, according to the agency's 2019 supervisory priorities.
NEW YORK–While the perception in the market is that rates are on the rise, mortgage rates have actually recently fallen to around their lowest levels in eight months.
PLANO, Texas–Catalyst Corporate Federal Credit Union has unveiled a new logo it says places an emphasis on core capabilities it provides credit unions: collaboration, aggregation, integration and innovation.
OGDENSBURG, N.Y.–St. Lawrence FCU here has selected Cummins Allison to provide it with ATMs with deposit functionality and Money Machine 2 coin machines in its branches.