HOUSTON—Auto Financial Group, Inc. here, an online provider of financing products for credit unions and banks, said it has entered into a new partnership with CU Direct in which each company will expand its presence in the credit union market and integrate technologies to better facilitate balloon lending opportunities for auto dealers.
Fresh Today
ST. PETERSBURG, Fla.—PSCU will host a free marketing webinar featuring internationally recognized author, consultant and entrepreneur Peter Shankman, on Wednesday, May 27 at 2:00 p.m. EST.
HARRISBURG–The Pennsylvania Credit Union Association has elected new board officers.
HERNDON, Va.-—The Electronic Payments Association said its voting membership approved Same Day ACH, which will enable a ubiquitous same-day capability for virtually any ACH transaction and create options for those want to move their money faster.
NEW YORK—A judge has ruled that NCUA lacked standing to sue US Bancorp and Bank of America over 74 RMBS trusts that helped contribute to losses and the eventual demise of five different corporate CUs.
WASHINGTON—The average total compensation package for CEOs running state-chartered credit unions of $1-billion in assets and higher topped $965,000 in 2013, according to one analyst.
ALEXANDRIA, Va.—Saying NCUA should not treat members of the credit union community as “Victorian era children,” NCUA Board Member J. Mark McWatters Friday reiterated his position that public hearings on the agency’s annual budget would lead to greater transparency and accountability.
SCHAUMBURG, Ill.—A new study indicates that the percentage of U.S. automotive loans that fall within the subprime and deep subprime risk categories make up 19.7% of the auto loan market—the lowest level since 2012.
WASHINGTON—The House will be holding a hearing today on the mounting risks from cyber-threats.
ARLINGTON, Va.—Nine states have signed an agreement to facilitate the ability of their state-chartered credit unions to operate across state lines