NASHVILLE—Innovation is being able to “see around the corner,” according to the co-founder of Square, who cautioned that financial institutions will soon see a significant advancement in the payments space that will likely make them “nervous.”
Fresh Today
LAS VEGAS—RateReset was voted the winner of NACUSO’s fourth annual Next Big Idea competition.
WASHINGTON—Going forward, NCUA should strive to achieve measurable and reportable forms of regulatory relief for credit unions, CUNA said in a letter to the agency this week.
WASHINGTON –The credit union trade groups are now working their way through the Department of Labor’s final fiduciary rule, which was released yesterday.
RALEIGH, N.C.–The $2.6-billion Coastal Federal Credit Union said it will be absorbing in a merger the $53-million Freedom Credit Union.
NEW CASTLE, Del.–The Delaware Credit Union League (DCUL) said it has voted to merge into the Cooperative Credit Union Association (CCUA), according to DCUL President/CEO Patrick Mahaney. The Massachusetts-based Cooperative CU Association represents CUs in that state, as well as Rhode Island and New Hampshire.
SALEM, Ore–Oregon Gov. Kate Brown signed has signed HB 4094 into law, which the Northwest Credit Union Association called an "important first step" for credit unions looking to provide financial services to legal marijuana businesses.
RANCHO CUCAMONGA, Calif. – CO-OP Financial Services has announced a patronage (shareholder dividend) pool of $53.3 million for 2015, which it said is the highest annual dividend ever recorded by a CUSO for its owner credit unions.
CARBONDALE, Ill.—The $307-million SIU Credit Union said its CEO, Dennis Schaefer, has tendered his resignation and will retire effective April 15, 2016.
ASPEN, Colo.–A former CU employee who stole nearly $60,000 from member accounts in 2013—including from accounts belonging to the mayors of Aspen and Marble, Colo.–has been sentenced to over three years in a halfway house.