ALEXANDRIA, Va.—The NCUA board Thursday shared concerns over mounting delinquencies within credit unions and the growing number of CUs having CAMELS ratings of 3 and higher.
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WASHINGTON—The credit union tax status was not mentioned during a Senate Banking Subcommittee on Economic Policy’s hearing on the effects of tax reform this week, America’s Credit Unions reported.
LEXINGTON, Ky.—The $1.5-billion UK Federal Credit Union has named Ryan Ross president and CEO, the CU announced.
CHICAGO—The Electronic Payments Coalition (EPC) has filed an amicus brief supporting the lawsuit filed by America’s Credit Unions, Illinois Credit Union League, and other organizations against an Illinois interchange law, America’s Credit Unions reported.
CARSON CITY, Nev.—As the Davis Fire in Reno, Nev., burns down, having scorched 5,800 acres, Greater Nevada Credit Union is taking steps to support those impacted by the blaze.
WASHINGTON—The House Energy and Commerce Committee passed an online safety bill without the credit union-opposed American Privacy Rights Act (APRA) during a markup this week, America’s Credit Unions said.
DENVER—Ent Credit Union said it is partnering with the Denver Broncos Foundation, to expand its Adventures in Reality financial education program for high school students across the state, the Colorado Springs Business Journal reported.
WASHINGTON—As expected, the Federal Reserve reduced interest rates today, cutting the federal funds rate by one-half percentage point to 4-3/4 to 5%.
MERRITT ISLAND, Fla.—Two large Florida CUs—$1.4 billion Launch Credit Union here and $1.3 billion Community Credit Union of Florida, based in Rockledge—plan to merge, the Viera Voice reported.
GRANITE CITY, Ill.— Revity Credit Union here has named John Merritt as its next president/CEO, the CU reported.