NEW ORLEANS–The National Council of Firefighter Credit Unions has established a Disaster Relief Fund that will be contributed directly to the Houston Texas Fire Fighters FCU in the wake of Hurricane Beryl.
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MODESTO, Calif.– Valley First Credit Union introduced a custom ice cream truck that appeared in downtown Modesto’s Independence Day Parade.
LANSING, Mich.–The Michigan Credit Union League is reporting that its board has voted in favor of adding a “young professional member” to the board this summer.
SOPOT Poland/MADISON, Wis.–As the deadly war in Ukraine continues—including Russia’s attack on a children’s hospital within the last week—the Via Stella Foundation has provided an update on the work it is doing to help victims, refugees and credit unions in Poland and Ukraine.
WASHINGTON—The Federal Reserve has fined Citigroup $60.6 million for violating a 2020 enforcement action, the Fed reported.
WASHINGTON–Credit unions that work to keep their members ahead of scams have yet another new one to add to the list: Quishing.
ALEXANDRIA, Va.–When the National Credit Union Administration board meets on Thursday it could propose a new rule to require federal credit unions to provide information on executive compensation to their members.
LEXINGTON, Ky.–A credit union CEO told a field hearing held by the House Financial Services subcommittee on Financial Institutions and Monetary Policy that fintech partnerships are key to smaller institutions being able to provide services, and that regulators need to proceed cautiously.
NEW YORK–Chase Bank, the nation’s largest financial institution, is warning that if new rules capping overdraft fees on checking accounts and late fees on credit cards are enacted, those services are going to become significantly more expensive for consumers.
MINNEAPOLIS — Target has become the latest national retailer to announce it will longer accept personal checks. The policy will go into effect July 15, in yet another sign of how the once ubiquitous payment method is fading away.