MADISON, Wis.–The 14 credit unions that have acquired 16 banks since 2012 all had higher capital ratios, greater returns on both assets and equity and lower loan net charge-off ratios than peer group credit unions by the end of 2017, according to an analysis released by the Filene Research Institute.
Fresh Today
ARLINGTON, Va.—NAFCU has filed an amicus brief in support of Houston-based KBR Heritage Federal Credit Union's motion to dismiss an Americans with Disabilities Act (ADA) lawsuit.
WASHINGTON—Recommendations to strengthen the BCFP, including reforming the Bureau's leadership structure and placing it under the congressional appropriations process, were supported by lawmakers during a House Financial Services subcommittee hearing this week.
FOSTER CITY, Calif.—Counterfeit fraud continues to decline, thanks to America’s transition to chip payment cards.
HUDSON, N.Y.–The $31-million Columbia Greene FCU here has announced it’s expanding to a community charter. The credit union will now serve everyone in Columbia and Greene counties, New York.
OCEAN CITY, Md.– The first-ever Miriam Lieb Emerging Leader Award has been presented by the MD|DC Credit Union Association to Travis Lane of DOLFCU in Washington.
EL SEGUNDO, Calif. – Companies that have had comprehensive financial wellness programs in place since 2015 are seeing a substantially bigger increase in the financial health of employees who repeatedly use the benefit, according to Financial Finesse’s Financial Wellness Think Tank 2017 Year in Review research.
BATON ROUGE, La. — Plenty of larger credit unions merge in smaller credit unions, but at one CU here an effort has been made to ensure the heritage of the disappearing credit union isn’t forgotten.
SINGAPORE—Seven Japanese regional banks have teamed up to create a financial technology research company that aims to leverage AI and robotic process automation (RPA) technologies to survive declining loan demand and ultralow interest rates that have pushed banks into partnerships and consolidation just to stay afloat.
AUSTIN, Texas–Velocity Credit Union here has purchased a building and is moving its headquarters.