ALEXANDRIA, Va. – NCUA has liquidated American Bakery Workers Federal Credit Union of Philadelphia. TruMark Financial Credit Union of Trevose, Penn
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LENEXA, Kans.—CommunityAmerica Credit Union has named Lisa Ginter CEO. She will take over her new role March 1.
WASHINGTON—The FDIC has issued a Financial Institution Letter that is encouraging its supervised institutions to take a “risk-based approach in assessing individual customer relationships, rather than declining to provide banking services to entire categories of customers without regard to the risks presented by an individual customer or the financial institution's ability to manage the risk.”
WASHINGTON—The federal financial regulatory agencies, including NCUA, and the State Liaison Committee (SLC) of the Federal Financial Institutions Examination Council, have issued guidance for financial institutions on private student loans with graduated repayment terms at origination.
ALEXANDRIA, Va.–NCUA has scheduled a webinar for Feb. 18 aimed at providing CUs with more information on underbanked markets.
SAN FRANCISCO—A new list of financial institutions that are “topping all competitors in mobile banking” has been released by Javelin Strategy & Research, and this year no credit unions are included.
BROOKFIELD, Wis.—Today's consumer uses an average of three different payment methods each month, from online to mobile to walk-in and even the occasional check, according to Seventh Annual Billing Household Survey from Fiserv.
DALLAS—Saying it is seeking to recognize the unique and vital roles of the volunteer and the young professional in the credit union system, the Cornerstone Credit Union League has added three associate directorship positions to its board: one associate directorship for the volunteer, one for the young professional, and a third to be either a volunteer or young professional.
SOMERSET, Mass.—After working at Somerset FCU for 46 years, CEO Joyce Magno announced that she plans to retire.
TYLER, Texas—Cooperative Teachers CU announced it is paying a $90,000 bonus dividend to members.