NAPERVILLE, Ill—Illinois’ state-chartered credit unions have received a credit on the regulatory fees, the fifth year the credit has been made following a settlement negotiated by the Illinois Credit Union League (ICUL) with the state.
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TAMPA, Fla. – GTE Financial Credit Union will be awarding $10,000 to two people who won its “Got Game” challenge to software developers.
ALEXANDRIA, Va.—NCUA is offering new resources to help consumers battle identity theft.
NEW YORK—As Juno blasts the Northeast, CUs in the path of the mighty winter storm are hunkering down Tuesday, closing their doors and hoping for improved conditions on Wednesday.
WASHINGTON—Congress will hold a hearing today on “What Are the Elements of Sound Data Breach Legislation?” The hearing is being held by the House Subcommittee on Commerce, Manufacturing, and Trade and will be held in the Rayburn House Office Building.
WASHINGTON—The head of the Federal Housing Finance Agency, which has put forth a proposal to which credit unions have strenuously objected, will be testifying today as part of a hearing by the Financial Services Committee on Sustainable Housing Finance. No credit unions will testifying, but a statement from CUNA will be included in the record of the meeting.
WASHINGTON—The head of the Federal Housing Finance Agency, which has put forth a proposal to which credit unions have strenuously objected, will be testifying today as part of a hearing by the Financial Services Committee on Sustainable Housing Finance. No credit unions will testifying, but a statement from CUNA will be included in the record of the meeting.
In a letter to Committee Chairman Jeb Hensarling and Ranking Member Maxine Waters, CUNA CEO Jim Nussle said changes that the FHLB has proposed to rules for membership would “represent a fundamental change to the FHLB system, and CUNA questions the need for any change in FHLB membership for depository institutions at this time. We are particularly concerned that the proposal would apply membership eligibility rules on an ongoing basis, creating uncertainty for Federal Home Loan Bank members and establishing different treatment for similarly sized credit unions and banks…We urge the Committee to use tomorrow’s hearing as an opportunity to encourage FHFA to withdraw or substantially revise the proposal, including correcting the proposal’s disparate treatment of similarly sized banks and credit unions.”
JACKSON, Miss.—The former chairman of the Mississippi Senate Finance Committee has been accused of embezzling $484,092 in loan proceeds from Singing River FCU.
WOODBURY, Minn. – Ideal Credit Union has returned 14% of its 2014 earnings to members through its exclusive VIP Program, the third consecutive year it has paid the bonus to members who are VIPs.
BATTLE CREEK, Mich.—OMNI Community CU has paid a $1 million Cashback Rebate to its members.
SEATTLE–A new study reveals that 90% of data breaches that occurred in the first half of 2014 could have easily been prevented.