Fresh Today

Fresh Today

SANTA ROSA, Calif.—Amy Ahanotu, branch manager with Redwood Credit Union, has been elected mayor of Rohnert Park, Calif.

HARRISBURG, Penn.—The Pennsylvania CU Association said it has raised a record $151,329 this year for its political action committee (PAC).

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is seeking nominations for financial institutions and trade groups for membership in its Bank Secrecy Act Advisory Group (BSAAG).

MADISON, Wis.—The Filene Research Institute and Credit Union Central of Canada have partnered to publish a joint research series that highlights credit unions that have devised and implemented clearly identified value propositions for members.

ALBUQUERQUE, N.M. — The New Mexico Attorney General’s Consumer Protection Division has warned 11 financial institutions—including two CUs—to stop marketing deeds of trust as mortgages, because the two are separate legal instruments with significantly different potential consequences for borrowers.

LANSING, Mich.—Additional details have been released regarding a suspected credit union robbery ring that consists of six men. Authorities said the six men were arrested after a state and federal violent crime task force, including FBI agents, requested that the State Police make a traffic stop on two vehicles along I-96.

SAN FRANCISCO—The behaviors and demographics of four segments of wealthy consumers is examined in a new study from Javelin Strategy & Research, which is projecting that one-in-every-10 wealthy consumers is likely to switch financial institutions in the next 12 months.

PRINCETON JUNCTION, N.J.—With an October 2015 deadline in the U.S. to comply with the new EMV standards for plastic cards, as many as 600 million new EMV chip cards are expected to be issued.