FORT LAUDERALE, Fla.–There are any number of challenges to credit unions when it comes to complying with the new CECL standard, but one person said there are four key areas a CU should watch.
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FORT LAUDERDALE, Fla.–The year 2022 may sound like it’s far off, but it’s anything but when it comes to preparing to comply with the new CECL accounting standard, according to one credit union CFO.
FORT LAUDERDALE, Fla.–Credit union CFOs here were given an update on where NCUA stands with new exam solutions and timing, including a plan under which state chartered CUs would be examined every other year by their state regulator only.
WASHINGTON—Most of the Federal Reserve's 12 districts reported modest to moderate economic growth throughout the U.S., according to the Fed's latest Beige Book data.
WASHINGTON—An NCUA proposal to raise the threshold at which credit unions must obtain appraisals for commercial real estate (CRE) transactions from $250,000 to $1 million would create an unlevel playing field between banks and credit unions, the American Bankers Association (ABA) said in a comment letter to the NCUA this week.
PEARL HARBOR, Hawaii—Seventy-seven years ago today a credit union leader was killed attempting to save the CU’s records during the attack on Pearl Harbor.
RICHLAND, Wash.–Two Washington credit unions have announced plans to merge and form a multi-billion institution. The $2-billion GESA Credit Union here and the $1.3-billion Inspirus Credit Union, Seattle, said they plan to combine and will now seek regulatory approval and a vote by members.
WASHINGTON – The U.S. Senate voted 50-49 to confirm Kathy Kraninger as the next head of the Bureau of Consumer Financial Protection.
BEAVERCREEK, Ohio–Wright-Patt Credit Union has announced it will pay an $8.6-million Special Patronage Dividend to members in early 2019.
GRAND RAPIDS, Mich.–CU*Answers said it has partnered with VantageScore Solutions to allow credit unions to pull an alternative credit score to the traditional FICO score.