MIDDLETOWN, Penn.—NCUA has approved the merger between Mid-Atlantic Corporate Federal Credit Union and First Carolina Corporate, according to a joint release from both CUs.
Fresh Today
ALEXANDRIA, Va.—By a vote of 2-0, the NCUA board Thursday approved its 2017-2021 strategic plan, and in doing so emphasized its commitment to reducing the regulatory burden on CUs and possibly extending the exam cycle for well-run CUs. The new plan includes removing the calendar-year exam requirement.
WASHINGTON–A call by one congressman for the Government Accountability Office (GAO) to study the CU tax exemption and credit union field of membership practices has elicited a response from NAFCU.
CLEVELAND-- Credit unions joined with University Hospitals Rainbow Babies & Children's, the 2016 Republican National Convention and RealClearPolitics to open a horticultural therapy suite in Angie's Rooftop Garden at UH Rainbow Babies & Children's Hospital here.
ALEXANDRIA, Va.—The United Kingdom’s decision to leave the European Union—the Brexit—and the stock market’s reaction to the vote shows that credit unions need to ready for a number of potential economic and interest rate scenarios, according to NCUA.
WASHINGTON—CUNA has sent a letter to Congress in support of HR 5869, which would bring full transparency to NCUA’s overhead transfer rate (OTR) methodology, and also met with the CFPB over data collection related to business lending.
PURCHASE, N.Y.—MasterCard has introduced a new logo.
NEW YORK—The National Federation of Community Development Credit Unions and EPL have finalized an agreement on the development of CU Impact, a shared banking platform specifically designed to help credit unions deliver affordable financial services to low-income consumers in underserved communities.
SCOTTSDALE, Ariz.—As Pokemon Go players track down little monsters, they may also be opening up their Google accounts to fraud.
BOULDER, Colo.—Elevations Credit Union has published an eBook highlighting its path to wining the prestigious Malcolm Baldrige National Quality Award.