WASHINGTON—Testifying before a House Financial Services subcommittee on the issue of de-risking and its implications on businesses and consumers, United Nations FCU executive John Lewis said there is a need for further guidance on regulators' risk-management expectations and suggested a safe harbor be put in place to ease credit unions' filing compliance burdens with Bank Secrecy Act (BSA) and anti-money laundering (AML) requirements.
WASHINGTON—CUNA has written in opposition to a provision in the House version of the National Defense Authorization Act (H.R. 5515) that would exclude credit unions from the current resources furnished to them on military bases.
TOLEDO, Ohio–Two northern Ohio credit unions have merged. The $120-million Education Plus Credit Union is merging into the $745-million Directions Credit Union.
WASHINGTON–Candidates who were backed by credit unions in this week’s primary races and run-offs all either won their races or are headed to a run-off.
ALEXANDRIA, Va. – Low-income credit unions interested in applying for Community Development Revolving Loan Fund grants can begin submitting applications July 1, according to NCUA.
BOSTON–The uncertainty surrounding services to this state’s recreational marijuana industry—as well as the industry itself—has only grown following a ruling allowing Massachusetts’ cities and towns to delay allowing pot-related businesses to open.
WASHINGTON—NAFCU has met with a congressman to talk about the CU tax exemption, while three CUNA execs met with the NCUA chairman to talk reg burden.
MADISON, Wis.–Two new white papers have been published by two different CUNA Councils.
EDMONTON, Alberta–Servus Credit Union here announced it has entered into a three-year deal with the Edmonton Eskimos of the Canadian Football League to become the official “un-bank” of the Green and Gold and 2018 Grey Cup Festival.
WASHINGTON—What are the Top 10 most expensive natural person CU failures of all-time?
