MUSKEGO, Wis.–Citing a strong 2016 financial performance, Corporate Central Credit Union is paying its member credit unions a 5.55% dividend on all perpetual contributed capital (PCC) balances for the month of December. The payment is the highest in Corporate Central’s history.
LARKSPUR, Calif.–Financial institutions can no longer count on higher interest rates alone to attract term deposits during times of economic slowdown, which will require changes in the pricing models of deposits and liquidity management, according to a new study.
WASHINGTON—The CFPB’s latest monthly complaint snapshot shows the most common complaint about debt collection has to do with attempts to collect on a debt that the consumer says is not owed.
ELYRIA, Ohio–CommStar Credit Union has named a new CEO.
WASHINGTON—The U.S. Justice Department last week filed a civil complaint in the Eastern District of New York against Barclays Bank PLC and several of its United States affiliates, the DoJ reported in a release.
ALEXANDRIA, Va.—NCUA last week issued a notice of proposed changes to its financial records systems, which will go into effect on Jan. 3.
MCDONOUGH, Ga.–A credit union has foreclosed on a Georgia megachurch here as it seeks to recover an outstanding debt of nearly $22 million.
MILWAUKEE, Wis.—Brewery Credit Union has chosen CU*Answers Network Services (CNS) as its managed technology partner, utilizing the Complete Care management services offering.
WICHITA, Kan.– More than half of the community banks and credit unions that participated in a survey around paying internal referral fees on mortgages said they do not engage in the practice.
MADISON, Wis.–Credit unions have become significantly more productive over the last 16 years, according to the latest Trends Report from CUNA Mutual Group.
