COLUMBUS, Ohio—Corporate One Federal Credit Union has announced a new president and CEO. Melissa A. Ashley has been named to lead the organization, succeeding the retiring Lee C. Butke.
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ALEXANDRIA, Va.—NCUA has published a new supervisory letter (SL-18-01) that addresses compliance with the new Bank Secrecy Act (BSA) customer due diligence (CDC) and beneficial ownership rules.
WASHINGTON—State banking supervisors have sent a letter asking congressional leaders “to consider legislation that creates a safe harbor for financial institutions to serve state-compliant [marijuana] business, or entrusts sovereign states with the full oversight and jurisdiction of marijuana-related activity.”
MUSKEGO, Wis.–To help credit unions prepare for International Credit Union (ICU) Day, Corporate Central Credit Union has created four short videos it said credit unions can use as lead-ups to ICU Day celebrations.
KALAMAZOO, Mich.–Credit unions across the country have announced all manner of sports tie-ins, but one CU here found itself the subject of some negative attention on a national broadcast as the result of its sponsorship.
MADISON, Wis.–Beginning Sept. 14 credit unions in 45 cities will begin offering Saver’s Sweepstakes, a program that rewards participating credit union members in Wisconsin and Minnesota for saving by automatically entering them to win cash prizes.
ALEXANDRIA, Va.—NCUA has selected Robert Foster as its chief information officer.
YAKIMA, Wash.–Solarity Credit Union has selected CU Works Compliance as its outsourced compliance service. CU Works Compliance is part of Lakewood, Colo.-based CUSO CU Service Network’s suite of back office services.
MADISON, Wis. –The Filene Research Institute has named Taylor C. Nelms as its new managing director of research, a role dedicated to fostering and translating Filene’s groundbreaking research to help credit unions create positive impact in the real world, the organization said.
SWANSEA, U.K.–A credit union has abruptly closed here and left the national deposit insurance fund to pick up costs related to making members whole.