ALEXANDRIA, Va.—Of the 56 federally insured credit unions filing late fourth-quarter Call Reports, 28 have agreed to pay civil money penalties assessed by the NCUA.
Fresh Today
SOUTHFIELD, Mich.—Following what it described as a “vigorous discussion,” the Michigan CU League’s board has voted against moving forward with the proposed amendment to the Michigan CU Act that would allow for CU board members to be compensated.
WASHINGTON—With only the Senate in session this week, both NAFCU and CUNA are focused on the hearing by that body’s Judiciary Committee on patent reform, which takes place on Thursday.
WASHINGTON—A new national initiative is being launched to address the fact that more than half of Americans are not saving enough for retirement.
EAU CLAIRE, Wis.—The $1.5-billion Royal Credit Union is increasing savings rates on its basic savings accounts from .15 APY to .40APY.
MADISON, Wis.—A new report, “Coming of Age: Young Adults in 2015,” has been released in the form of a slide deck that offers a framework for better penetrating younger demographics.
AUSTIN, Texas—Heavy lobbying by Texas’ credit unions led to the defeat in the Texas House by a vote of 135-1 of an amendment that would have moved the Texas CU Department sunset date to 2017.
CUPERTINO, Calif.—Consumers can now use Apple Pay with all four major credit and debit card issuers.
NEW YORK—Another study shows that consumers place great trust in their financial institution—more than any other industry—to securely manage their personal data.
MADISON, Wis.—The CUNA HR/TD Council has changed its name to the CUNA HR & Organizational Development Council.