ARLINGTON, Va.—NAFCU is asking the Treasury to look closely at how mounting regulatory burden and the emergence of online lenders are impacting credit unions’ ability to lend to their members.
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JACKSON HOLE, Wyo.—The vice chairman of the Federal Reserve has indicated that the central bank may still go ahead and raise the benchmark interest rate at its next meeting in September.
HOUSTON—Smart Financial Credit Union has named Larry Seidl as its new CEO, effective Jan. 1. On Dec. 31, CEO Gary Tuma is retiring.
CARLISLE, Penn.—An alert teller here spared two elderly members from being ripped off by scammers. The teller at Cornerstone FCU encountered the elderly members who were described as “distraught,” according to a report first published in the newsletter of the Pennsylvania CU Association.
NASHVILLE, Tenn.–Navy Federal Credit Union is reportedly looking to this market for branch expansion.
MINNEAPOLIS—MEMBERS Development Co. is marking its 15th anniversary, and the CUSO, which focuses on research and developments, said it is focused on growing its ownership base and communicating its role within the industry.
WASHINGTON—Banks and credit reporting companies are the most complained about financial services companies, according to a new report.
WESTBROOK, Maine–The Maine Credit Union League has launched its second flight of TV commercials as part of its 2015 annual campaign. More than 7,000 spots promoting the value of credit unions are targeted to consumers in the lending years, ages 18-54, through December, according to the Maine league.
ELKHART, Ind.—Freed Field, the home football field of Penn High School here has a new name: Teachers Credit Union Freed Field.
ALEXANDRIA, Va.—The Iowa Credit Union Division Friday was granted authority by the District Court to place SCICAP Credit Union of Chariton, Iowa, into receivership and then tendered the receivership to the National Credit Union Administration.