LOWELL, Mass. – The ribbon has been cut here on Acre Crossing where a parcel in the city’s Acre neighborhood was redeveloped into 32 new homes for sale to first-time, moderate-income homebuyers, and a new five-story office building for Jeanne D’Arc Credit Union (JDCU).
Fresh Today
WASHINGTON—Support for the Consumer Financial Protection Bureau Accountability Act has been expressed in a letter from America’s Credit Unions to Sen. Bill Hagerty (R-TN).
WASHINGTON—Stating there are “contradictions” with other federal privacy laws, the Defense Credit Union Council (DCUC) has sent a letter to the House Committee on Energy and Commerce, expressing its concerns with the proposed “American Privacy Rights Act of 2024.”
WASHINGTON—Credit union-supported candidates were successful in Tuesday’s elections in Colorado, New York, Utah, and South Carolina.
ST. PETERSBURG, Fla.–Velera is reporting it has launched an “innovative new onboarding and project management platform.”
ATHENS, Ga. — The Southeastern Regional Credit Union School (SRCUS) said 42 credit union executives have graduated after successful completion of the three-year program on the campus of the University of Georgia.
WASHINGTON—The results of the Federal Reserve Board's annual bank stress test showed that while large banks would endure greater losses than last year's test, they are well positioned to weather a severe recession and stay above minimum capital requirements.
RALEIGH, N.C.– The North Carolina House of Representatives has proposed appointing several credit union leaders to key boards and commissions.
OTTAWA, Canada—The Bank of Canada (BoC) will increase supervision of payment service providers and launch a real-time payments system over the next two to three years, according to a new report.
BROOKFIELD, Wis.–In this, the second of a two-part series that reviews the very latest disclosure forms filed with NCUA by credit unions seeking to merge, more examples can be found of credit unions offering related compensation packages to their management, including one that is to last a decade—and often in cases where the CU has been losing money and/or there is no distribution of net worth to members.