MENTOR, Ohio–Cardinal Credit Union said it absorbing three other credit unions in Northeastern Ohio via merger. The move will increase the credit union’s assets by 30% to approximately $239 million.
Fresh Today
HERNDON, Va.—NACHA--The Electronic Payments Association, which is the trustee and rule maker of the ACH Network, said it has now officially launched Phase 1 of Same Day ACH.
WASHINGTON—The House Financial Services committee plans to hold a hearing Sept. 29 on the sales practices of Wells Fargo. Wells Fargo CEO John Stumpf has been invited to testify.
WASHINGTON–It isn’t just Wells Fargo’s front-line employees who are stepping forward with stories of overwhelming pressure to meet sales targets set for them: employees from other banks are saying they are being similarly pressured by upper management to meet aggressive goals.
PLANO, Texas–Texas Telcom Credit Union has become the first to transition from Catalyst Corporate FCU’s original Bluepoint remote deposit services platform to its new TranzCapture RDS platform.
WASHINGTON––The National Federation of Community Development Credit Unions and two individual credit unions are among the winners of funds in the 2016 CDFI Prize Competition, which is run by the Treasury Department’s CDFI.
WASHINGTON–A number of plaintiffs, including CUNA, some with some state leagues and credit unions, urged a Pennsylvania federal judge to reject a request by Wendy’s to dismiss a class action lawsuit against it over its alleged inadequate security response to a data breach.
CEDAR RAPIDS, Iowa–The Iowa CU league has honored six people it says “who exemplify the best of the industry,” as well as electing its new board during its recent annual convention here, which drew 440 people.
WASHINGTON—Several members of the House Energy and Commerce subcommittee on communications and technology agreed that the Telephone Consumer Protection Act (TCPA) needs to be modernized, CUNA is reporting.
BISMARCK, N.D.–The first-ever joint meeting between the Credit Union Association of the Dakotas (CUAD) and the Montana Credit Union Network (MCUN) has been announced.