KANSAS CITY, Mo.– Jeff Kline, CEO of Members Development Co., announced he plans to retire effective May 2025.
Fresh Today
WASHINGTON — Indicative of the kind of scrutiny credit unions have felt a touch of and which could grow much stronger in the future, a consumer watchdog group is blasting several big banks for “predatory” interest rates and fees it says contribute to their most robust profits reports.
RICHLAND, Wash.–Two credit unions have announced they are now accepting applications from community organizations for their respective grant programs.
MANCHESTER, N.H.— America’s Credit Union Museum and the African American Credit Union Coalition (AACUC) will host a reception this weekend titled, “African American Voices in the Credit Union Movement.”
ROCKY HILL, Conn.– Nutmeg State Financial Credit Union (NSFCU) said it is expanding its DMV Express services to two of its retail locations in Connecticut.
NEW YORK— The global digital remittance market is forecast to reach $23.4 billion in 2024.
ALEXANDRIA, Va.–By a 2-1 vote, the NCUA board has put out for 60-day comment a proposal on incentive-based compensation arrangements for credit unions of $1 billion or more in assets, rules that have been in development since the financial crisis of nearly 15 years ago.
ALEXANDRIA, Va.–By a 3-0 vote, the NCUA board has approved an 18-month temporary extension of the 18% interest rate ceiling for federal credit unions, with staff noting more than a thousand CUs would take a financial hit if it were lowered.
ALEXANDRIA, Va.–While the NCUA board has a 2-1 split between Democrats and Republicans, NCUA Chairman Todd Harper began the July board meeting by saying the recent assassination attempt on Donald Trump is a reminder that disagreements will always exist, but cooperation is paramount in a democracy.
ALEXANDRIA, Va.–The NCUA has put out for 60-day comment a revised proposal that would require succession planning for all federally insured credit unions. The proposed rule defers to state regulators in cases where there are conflicting rules for state-chartered credit unions.