HAUPPAUGE, N.Y.—GrooveCar has expanded its indirect auto retail program within New Jersey through its partnership with Affinity Federal Credit Union.
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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.
WASHINGTON–Federal Reserve Chairwoman Janet Yellen sent another signal on Friday that the Fed could move to raise rates within the next few months, especially as the economy continues to build some steam.
WASHINGTON–The CFPB’s report on consumer testing of periodic statements for borrowers who have filed a bankruptcy petition is based on a sample that is too small, while its meaning is frequently confusing, according to a joint comment letter from CUNA and NAFCU.
ARLINGTON, Va.—NAFCU is urging the CFPB to set a 24-month implementation period for its mortgage servicing amendments, once that rule is finalized, to give credit unions some breathing room between that date and implementation of the Home Mortgage Disclosure Act rule.
TAMPA, Fla. – GTE Financial Credit Union has named Brian Best as its new president and CEO.
WASHINGTON–The 30-year fixed-rate mortgage averaged 3.64% with an average 0.5 point for the week ending May 26, 2016, up from one week earlier when it averaged 3.58%, according to Freddie Mac.
FORT WASHINGTON, Penn.–The $1.7-billion Trumark Financial Credit Union said it will be absorbing via merger the $76-million Keystone Federal Credit Union. The merger is expected to be completed by Oct. 30.
HONOLULU—Gordon Sam, chairman of Pearl Hawaii FCU, has been named to the Defense Credit Union Council’s Hall of Honor.
GRAND RAPIDS, Mich.–Credit unions that are clients of CU*Answers can now offer a new “step-down” type of line-of-credit loan that combines the benefits of a long-term open credit loan with the flexibility of a revolving line-of-credit, according to the CUSO.