MADISON, Wis.–The World Council of Credit Unions has sent a letter in support of the Global Partnership for Financial Inclusions’ (GPFI) work to help reduce the regulatory burdens on credit unions in order to help them promote financial inclusion of unbanked and underserved individuals.
WASHINGTON—Legislators have sent a letter to the Federal Accounting Standards Board addressing FASB’s proposal related to the impairment of financial assets.
DALLAS—A new report on fourth quarter economic data suggests that with possible economic trouble on the horizon, CUs should not relax lending standards.
RALEIGH, N.C.—It’s expected that CUNA’s proposed bylaws revisions may come up for a vote soon, possibly at its Governmental Affairs Conference in Washington this month.
BIRMINGHAM, Ala.—A new report supports the notion that credit unions offer better interest rates than banks.
ALEXANDRIA, Va.—NCUA is joining the Internal Revenue Service and other federal agencies to remind qualified taxpayers about the potential benefits of applying for the Earned Income Tax Credit (EITC).
JAY, Maine–Otis FCU has returned $300,000 to its members in the form of a bonus distribution and loan interest refund.
PLANO, Texas–Catalyst Corporate Federal Credit Union has been named a 2015 Quality Recognition Award winner by JPMorgan for its fast, accurate and reliable execution of international wire transfers.
AMARILLO, Texas—Dorothy Stegall Barnes, who is also known as Dorothy Stegall Newman, a former employee of Pantex FCU, was sentenced to 30 months in prison for stealing $826,000 from the CU over a period of 14 years.
EL PASO, Texas–Television commercials and billboards here that are being sponsored by a credit union but say only that a “Revolution is Coming” have generated quite a bit of discussion in this market.
