RALEIGH, N.C.– State Employees’ Credit Union said 60,000 of its members have now signed up for its in-house developed CashPoints Global account, which provides a controlled spending debit card tied to a non-interest bearing SECU account.
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MALVERN, Penn. – Akcelerant has announced a successful milestone in the Akcelerant Profitwise product roadmap.
SAN JOSE, Calif.—The $1.9-billion Technology Credit Union said it is expanding its commercial loan products with the addition of asset-based lending, including accounts receivable and inventory financing.
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.
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.