DENVER–The Mountain West Credit Union Association has become the latest to say it has purchased a shared-ownership stake in Plexcity, which offers consolidated backoffice functions, primarily to state CU Leagues.
Fresh Today
LANSING, Mich.–The Michigan Senate, by a vote of 37-0 has passed a six-bill package that modernizes the Michigan Credit Union Act. It is the first time the Act has been updated since 2003.
MINNEAPOLIS, Minn.–The $1.3-billion Workers’ Credit Union is partnering with MEMBERS Development Company, a CUSO that facilitates collaboration through shared R&D and cost savings among some of the nation’s largest credit unions
RANCHO CUCAMONGA, Calif.– CO-OP Financial Services has named Todd Clark as its new president/CEO effective June 27.
WASHINGTON—Average total compensation for CEOs of state chartered credit unions with at least $1 billion in assets in 2014 was $1,017,720, reports Keith Leggett—who also added that one CEO is making nearly $9.3 million.
WASHINGTON—A new spring rulemaking agenda released by the CFPB could mean additional regulatory burden for CUs, CUNA cautions.
WASHINGTON—Next week’s CFPB field hearing on payday lending is drawing the attention of NAFCU and CUNA, which will be watching to see if any credit union loans are included in a proposed rule expected to be introduced at the June 2 meeting.
PLANO, Texas—Confidence among credit union CEOs has rebounded a bit in Catalyst Corporate’s Credit Union CEO Confidence Index, which had decreased the final two quarters of 2015.
WASHINGTON—The CFPB and four federal financial regulatory agencies, including NCUA, have issued guidance providing supervisory expectations on how financial institutions should handle consumer deposit discrepancies.
WASHINGTON—NAFCU, CUNA, the ABA and four other financial trade groups are taking part in a one-week ad campaign, “Stop the Data Breaches,” to promote passage of HR 2205/S 961, the “Data Security Act.”