DOTHAN, Ala.—A credit union in line to become the first-ever to purchase two banks believes it has found a formula that works for turning around banks that have not been profitable.
Fresh Today
SCHAUMBERG, Ill.—A new report shows that the total outstanding balance on open automotive loans continued to rise in the fourth quarter of 2014, reaching an all-time high of $886 billion. However, that increase does not support concerns over lenders reaching down to deeper credit scores, the study’s author noted.
ARLINGTON, Va.—A new poll shows that credit unions spent an average of $226,000 as a result of merchant breaches in 2014, and they expect to recover less than 1% through settlements with retailers.
WESTMINSTER, Colo./WARRENVILLE, Ill.—The members of System United Corporate Federal Credit Union (SunCorp) have voted to approve the proposed merger with Alloya Corporate Federal Credit Union (Alloya).
SEATAC, Wash.—The Northwest CU Association is reporting that during 2014 Oregon’s CUs raised nearly three times the political action fundraising goal that had been set for the state by CUNA.
MARTINSVILLE, Va.–A name change by the former Martinsville Dupont Credit Union will also mean a name change for a local stock car race.
ENGLEWOOD, Calif.—Western Union has taken a unique approach to using Apple Pay.
BIRMINGHAM, Ala.—The road ahead for mobile payments may still be a long one, according to a new study.
PERRY, Fla.—Buckeye Community FCU has reached an agreement with Citizens State Bank to acquire the bank’s Madison, Fla., branch. BFCU expects to begin operating in Madison in June. The deal awaits state and federal regulatory approval.
ALEXANDRIA, Va.– The National Credit Union Administration announced that the February 2015 issue of The NCUA Report is now available online at http://www.ncuareport.org/ncuareport/february_2015#pg1