Fresh Today

Fresh Today

WASHINGTON—NCUA Chair Rick Metsger told CUNA that the agency has begun the process of consulting “industry practitioners” to assist in the transition as credit unions work to implement the new current expected credit loss (CECL) accounting standard, the trade association reported.

NAPERVILLE, Ill. and PLANO, Texas–Alloya Corporate FCU and Catalyst Corporate FCU reported they have formed a strategic partnership to ensure that credit unions across the United States can continue to offer check writing and check deposit services to their members “well into the future.”

ONTARIO, Calif.–The California and Nevada Credit Union Leagues reported they have partnered with education technology company EverFi to bring digital financial education to 70 member credit unions and the communities they serve.

LA GRANDE, Ore.—The $30-million Union Wallowa Baker FCU here has announced plans to merge into $130-million Old West Federal Credit Union, based in John Day, Ore.

PUEBLO, Colo.–SunWest Credit Union has named a new president/CEO. Janice Mehle has been appointed to lead the organization that she has been a part of for 19 years, most recently as senior vice president, where she was responsible for the growth and development of all lending functions.

MIDDLETOWN, Penn. and GREENSBORO, N.C.–Member credit unions of the $2.3-billion Mid-Atlantic Corporate FCU and the $1.4-billion First Carolina Corporate CU have approved the merger of the two organizations. NCUA has already approved the combination.