GENEVA, N.Y.—Finger Lakes Federal Credit Union has named Bob McFadden as its new president/CEO.
Fresh Today
VIENNA, Va.—Navy Federal Credit Union is reporting it set a record for mortgage closings when it surpassed $1 billion in volume during March, the best month in its history.
WASHINGTON—Credit unions aren’t the only financial institutions asking Congress for supplemental capital.
ALEXANDRIA, Va.–NCUA said it has made revisions to its supervisory policies that will make the secondary capital process easier for low-income credit unions and investors.
NORTHRIDGE, Calif.—CU Business Partners, LLC, a CUSO that facilitates member business loans, has changed its name and brand.
ALBANY, N.Y.– CUC Mortgage Corp. has changed its name to OwnersChoice Funding, Inc.
TUSCALOOSA, Ala.—The CEO of Alabama One Credit Union testified here as part of a bankruptcy case, but the CU’s business lending manager declined to do so, with her attorney saying she would be pleading the fifth.
OKLAHOMA CITY, Okla.—Legislation related to ride-sharing networks such as Uber or Lyft and negotiated at a corporate level with designs on becoming model legislation for other states is moving through the Oklahoma State Legislature, according to the Cornerstone CU League.
SAN FRANCISCO—“Malvertising” has become “arguably the fastest growing and least well understood online threat vector today,” according to a new report.
SMITHFIELD, R.I.—To mark its 100-year anniversary, the $1.5-billion Navigant CU is offering a two-year CD that pays 1.50% APY.