SEATAC, Wash.—The Northwest CU Association has taken a stand in opposition to any credit union retaining a name that suggests it remains a CU after it converts to any other kind of charter.
Fresh Today
BETHESDA, Md.—A lawsuit seeking class action status has been filed that alleges Marriott Employees Federal Credit Union here is in violation of the Truth in Lending Act (TILA).
ANAHEIM, Calif.–The complexity, risks and resulting potential costs to credit unions of commercial lending were readily apparent during a discussion here, with a warning issued as many CUs push LTVs even higher.
ANAHEIM, Calif.–The perception might be they are too saddled with student debt to ever get out of an apartment or parent’s house, but the reality is one-in-three home purchases today are being made by Millennials—and for credit unions that means changing their approach to marketing home loans, according to one person.
ANAHEIM, Calif.–Forty-four percent of consumers say they are more likely to be a repeat customer/member if they experience a “personalized” relationship.
LA CROSSE, Wis.—Marine Credit Union said it has completed the acquisition of 10 branches from Old National Bank through a purchase agreement it announced earlier this year.
WASHINGTON—The U.S. Court of Appeals for the D.C. Circuit has released the briefing schedule for the appeal of the U.S. District Court decision in the American Bankers Association (ABA) lawsuit that challenged NCUA's field of membership (FOM) rule.
DECATUR, Ill.–Land of Lincoln Credit Union has named a new president. The $236-million LLCU said it has selected Robert Ares to lead the organization.
LAWRENCE, Mass.–After one of the CUs changed its charter in order to proceed, the members of Merrimack Valley Credit Union and Bridgewater Credit Union have voted in favor of a merger that would create a nearly $1-billion CU.
DURHAM, N.C.–The American Institute of CPAs’ Financial Reporting Executive Committee has issued a working draft of accounting issues related to the implementation of Accounting Standards Update (ASU) No. 2016-13, Financial Instruments-Credit Losses, and is requesting feedback on issue paper Reasonable and Supportable Forecasting.