ALEXANDRIA, Va.—While the risk-based capital proposal dominated the NCUA board agenda, several other items actually preceded it for a vote, including timing of stress testing for some CUs and an FOM expansion.
Fresh Today
ALEXANDRIA, Va.—The NCUA board has approved a payment of up to $50,000 for costs associated with a data breach at Palm Springs FCU that was caused by an agency examiner who lost a flash drive containing member data.
HAWKINS, Wis.—A gun dealer here is alleging that the federal government, including NCUA, forced Heritage Credit Union to close his recently opened account because he’s in the business of legally selling guns.
IRVINE, Calif.—The number of foreclosures nationally continues to decline, with 41,000 completed foreclosures in November, down from 46,000 in November of 2013, according to CoreLogic.
BATON ROUGE, Louisiana—DOW FCU here has officially changed its name to Essential FCU, and at the same time announced it will pay its first-ever bonus dividend.
MADISON, Wis.—CUES Elite Access, the virtual Ivy League executive education experience, will continue in 2015 with three courses, including a new offering Strategic HR Leadership.
MADISON, Wis. — The World Council of Credit Unions is calling for nominations for its 2015 Distinguished Service Award (DSA), to be presented at the World Credit Union Conference, July 12–15, 2015, in Denver.
WASHINGTON—The CFPB is looking to help colleges better understand and evaluate the costs and benefits of the products offered to their students from financial institutions with which the university partners.
ROCKY MOUNT, Va.—Freedom First CU has had its first resident of Franklin County, Va., to receive a car loan through a partnership between the CU’s Responsible Rides program and STEP Inc.
SPOKANE VALLEY, Wash.—The $608-million Horizon Credit Union here and neighboring United Health Services CU have agreed to merge.