ARLINGTON, Va.—While the current expected credit loss (CECL) standard represents a “seismic shift in the way credit unions have traditionally accounted for credit losses,” the industry is still waiting for substantive guidance on the standard, according to the results of NAFCU’s July Economic & CU Monitor survey.
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RANCHO CUCAMONGA, Calif.–Nusenda Credit Union is expanding its partnership with CO-OP Financial Services.
MEDFORD, N.Y.–A credit union vice president who ran in seven full marathons over a seven-day period has raised nearly $30,000 for Hope for the Warriors.
WASHINGTON–Although both the House and Senate are back in session this week, the agenda for credit union-specific issues is relatively light.
BOSTON—Gradifi, a provider of student loan and college savings benefits, said it is now offering access to LendKey’s nationwide network of lenders through Gradifi Refi, a student refinance program for employers seeking to help their employees save money or reduce the monthly payment on their student loans.
SAN ANTONIO–SWBC said it is partnering with two other organizations to deliver an “efficient manner to quote and distribute life and disability protection on loans to its customers in the United States.”
KAMUELA, Hawaii–Hawaii First FCU has launched a “Pathways to Rebuilding Lives” program, aimed at helping members who have been affected by lava flows on the Big Island.
MCLEAN, Va.—Capital One's Credit Wise, a free credit tracking tool, will now alert consumers if someone uses their Social Security number to apply for a new line of credit or open another financial account.
PURCHASE, N.Y.—Mastercard is forecasting a “bright” future for biometric technology, as new rules on strong customer authentication under PSD2 (Revised Payment Service Directive) come into force across Europe.
SEATTLE—The pioneer in mobile order-ahead service continues to show that the solution is in big demand with consumers.