ALEXANDRIA, Va.– NCUA Vice Chairman Rick Metsger told a gathering of credit unions that he believes federal credit unions could benefit from changes in regulations and in law to give them greater flexibility in defining their fields of membership.
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ALEXANDRIA, Va.—Before NCUA has even held its board meeting to discuss the issue, the trade groups are already lining up to express their “concern.”
PHOENIX—President Obama announced that the Federal Housing Administration (FHA) will reduce annual mortgage insurance premiums by 0.5 percentage point from 1.35% to 0.85% as part of an initiative to make homes more affordable.
IRVINE, Calif.— Nearly 273,000 U.S. homes returned to positive equity in the third quarter of 2014, bringing the total number of mortgaged residential properties with equity to approximately 44.6 million, or 90% of all mortgaged properties, according to CoreLogic.
NORTH HAVEN, Conn.—The $400-million Connex Credit Union is acquiring Sargent Employees FCU via a merger. SEFCU has 700 members and $3.4 million in assets.
BROOMFIELD, Colo. — Community Financial Credit Union is paying out $400,000 to members as part of its Member Bonus program.
MADISON, Wis.— Summit Credit Union has been awarded the prestigious Cooperative Builder Award, as well as the international TOP CO-OP Award of Merit.
MEDFORD, Ore.—Rogue Credit Union raised more than $24,000 for Rogue Regional Medical Center (RRMC), a local Children’s Miracle Network Hospital, through a month-long Skip-A-Payment promotion.
FOREST SPRINGS, Ky.—Park Community CU here has opened a new branch in which it is using interactive teller machines in place of tellers in the facility.
MADISON, Wis.—The CUNA Technology Council is now accepting applications for representatives to join the newly created Credit Union Financial eXchange (CUFX) Vendor Advisory Board.