GRAND RAPIDS, Mich.–Xtend, Inc., the multi-owned cooperative CUSO, announced that it had reached the halfway point on the first phase of collaborative resource sharing projects with rkGoBig, the Harrisburg, Penn.-based CUSO and new Xtend partner.
Fresh Today
ALBANY, N.Y.–A new study, white paper and toolkit designed to help credit unions attract, retain and prepare the next generation of industry leaders has been released by the New York Credit Union Association and its Young Professionals Commission.
LAKE FOREST, Ill.—Overdraft revenue for the second quarter of 2015 grew $1.7 billion over the first quarter of 2015, the largest quarter-to-quarter increase since the fourth quarter of 2011, according to a new study from Moebs $ervices.
WASHINGTON–Congress is back this week for an abbreviated schedule due to the Jewish Yom Kippur holiday and Pope Francis’ address to a joint session on Thursday.
WASHINGTON–CUNA will not be releasing last week’s board vote tally that went against two-of-the-three recommendations made to it by its System Structure and Governance Task Force.
BIRMINGHAM, Ala.—When the NCUA board last week approved a final rule to raise the definition for small credit unions to $100 million, one member of the board and others within the movement questioned whether the limit should not be higher. Now, former NCUA Chairman Dennis Dollar, while supporting the agency’s decision, said he believes NCUA’s definition of a small FI should some day be on par with banks’.
LOS ANGELES–Los Angeles FCU has been named as a defendant in a proposed class-action lawsuit that accuses it of violating regulations by not properly obtaining members’ consent before assessing overdraft fees on checking account.
WASHINGTON–The Consumer Financial Protection Bureau has finalized its proposed rule to increase the total-loan threshold from 500 to 2,000 for its “small creditor” exemption requirements in the ability-to-repay/qualified mortgage rules. But NAFCU said it remains concerned.
WASHINGTON–While recommendations related to CUNA’s structure and its board size have gotten most of the headlines out of the trade association’s board meeting last week, the CUNA board also recommended enhanced cooperation and interdependence with the leagues in the delivery of advocacy for credit unions, which the CUNA board said it is acting upon.
ANNISTON, Ala.—Several more mergers have been announced by credit unions.