WASHINGTON–Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reported aggregate net income of $43.7 billion in the fourth quarter of 2016, up $3.1 billion (7.7%) from a year earlier.
Fresh Today
ALEXANDRIA, Va.– NCUA has issued six notices of prohibition to individuals who have been convicted of crimes of dishonesty and, as a result, are prohibited from participating in the affairs of any federally insured financial institution.
MADISON, Wis.—CUES announced that Visa has signed on as the sponsor of CUES’ CEO Institute program through 2020.
WILKES BARRE, Penn.—VAntage Trust Federal Credit Union may have to vacate its branch on Department of Veterans Affairs land if the federal government gets its way. The government is attempting to evict the $57-million, the Citizens’ Voice reports. The CU has four other locations.
SAN ANTONIO–SWBC announced that its financial institutions division has new integration capabilities that allow borrowers to make their loan payment using the payment method of their choice.
WASHINGTON–The Credit Union Association of the Dakotas has unveiled a completely updated and re-vamped CU Social Good website.
TAMPA, Fla.–For 2016, one-year credit card program revenue growth for participating credit unions in CSCU’s Optimize Portfolio Growth Solutions averaged 14%, or six to seven times greater than the average revenue growth of non-consulted credit unions, the CUSO reported.
Washington–In his first address since his designation as acting NCUA board chairman, Mark McWatters informed credit unions they can anticipate a “thoughtful loosening” of regulations, a streamlined agency budget, and the possible closure of the Temporary Corporate Credit Union Stabilization Fund in 2017.
WASHINGTON–The three winners of the Herb Wegner Awards accepted their honors during the annual dinner here, in conjunction with GAC.
WASHINGTON–Is the day coming when credit unions never see an examiner again in their offices?