WASHINGTON—In advance of a Federal Trade Commission workshop that will explore issues related to emerging internet peer-to-peer platforms—often called the “sharing” economy—and the economic activity these platforms facilitate, CUNA has sent a letter saying that transportation network companies (TNCs), such as Uber, Lyft, and Sidecar, present particular interest to credit unions.
Fresh Today
WASHINGTON—Rob Nichols has been named to be the next president of the American Bankers Association.
NAPERVILLE, Ill.—After just a year in the job, Tom Hession is out as president/CEO of the Illinois CU League.
FARMERS BRANCH, Texas—The Cornerstone Credit Union Foundation is offering assistance to any credit unions or employees who have been affected by storms, flooding and tornadoes within the three states that make up its membership, Arkansas, Oklahoma, and Texas.
FITCHBURG, Mass.—Workers Credit Union here is already announcing its 2016 bonus dividend for members.
WASHINGTON—Legislation that would grant credit unions parity with banks under the Federal Home Loan Bank membership criteria has been introduced in Congress.
CLOQUET, Minn.—Members Cooperative Credit Union here and Lake State CU, Moose Lake, Minn., have agreed to merge.
LOUISVILLE, Ky.—The $690-million Park Community Credit Union and the $21-million Louisville Medical FCU plan to merge.
SANTA ROSA, Calif.—Redwood Credit Union here has been ranked as the highest performing credit union in the country in the most recent Credit Union Industry Health Score analysis published by Glatt Consulting.
BIRMINGHAM, Ala./TALLAHASSEE, Fla.—The League of Southeastern Credit Unions & Affiliates has redesigned its two primary websites to make them easier to navigate and optimized for mobile devices.