ALEXANDRIA, Va.– NCUA said effective with the new year it will pilot a program with six state regulators in which it will launch alternating examinations for a select group of federally insured, state-chartered credit unions.
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OVERLAND PARK, Kan.–Mazuma Credit Union here has agreed to pay nearly $1.4 million to settle a class action lawsuit over its overdraft policies. PARK, Kan.–Mazuma Credit Union here has agreed to pay nearly $1.4 million to settle a class action lawsuit over its overdraft policies.
WASHINGTON—As the House this week continues work on its tax extenders and packages of fixes (H.R. 88), leaders of the tax-writing committee are being urged to provide a technical fix to the Tax Cuts and Jobs Act (TCJA) so a 21% excise tax is not imposed on certain not-for-profits in any year-end tax bill.
ARLINGTON, Va.—Many credit unions have been receiving a letter from Progressive Insurance asking them to fill out and return the IRS W-9 form—but should they comply?
WASHINGTON—The Financial Accounting Standards Board's (FASB) current expected credit loss (CECL) standard will have a negative impact on community-based financial institutions, said witnesses and lawmakers during a House Financial Services subcommittee hearing this week on the subject.
HAMILTON, Mont.– For the first time in its 61 years, Ravalli County FCU here is paying a patronage dividend to its members.
MIDDLEBURY, Vt. – eDOC Innovations, a provider of check imaging products, reported it is preparing to roll-out real-time posting for mobile RDC items.
BURLINGTON, Mass.–Credit Unions Kids at Heart announced it received a record $174,975 in donations in one day on Nov. 27, 2018, thanks to a wide network of “dedicated donors and a generous #GivingTuesday match.”
WASHINGTON–The average total cost to defend against and recover from a data breach reached nearly $3.86 million per incident, according to a new report that lists biggest cyber trends businesses should prepare for in 2019.
WALNUT CREEK, Calif.–A new analysis using has determined the cost and time required to repay the median credit card balance in more than 2,500 U.S. cities, including the cities where residents have the most and least debt.