Fresh Today

Fresh Today

EL SEGUNDO, Calif.–Members of the $102-million Reach FCU here have agreed to a merger with the $980-million Xceed Financial Credit Union.

ARLINGTON, Va.–NASCUS has proposed 13recommendations for regulatory changes in six different areas—some which would amend existing rules, and others which suggest exempting state-chartered credit unions from existing rules—in a comment letter responding to NCUA’s notice of regulatory review and call for comments under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA).

WASHINGTON—CUNA reported that its call for credit unions to weigh in on a proposed current expected credit loss (CECL) standard has resulted in more than 850 letters to the Financial Accounting Standards Board (FASB) so far, with credit unions nationwide sharing how the proposal will impact them.