TUCSON, Ariz.—The $1.2-billion Pima Federal Credit Union has agreed to purchase the $272-million Republic Bank of Arizona, based in Phoenix, the organizations reported in a joint release.
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WASHINGTON–Even as delinquency rates for some commercial real estate (CRE) loans and certain consumer loans are now above pre-pandemic levels, most banks are building capital and liquidity levels above regulatory requirements, the Federal Reserve said in a new report.
OCEANSIDE, Calif.–In response to a letter from six members of Congress who criticized its overdraft policies and alleged it was hurting young members of the military, Frontwave Credit Union has sent a seven-page letter that counters the accusations that have been made about its offerings and says that to the contrary, it is “intently focused” on serving its members.
WASHINGTON—There will not be “any credit unions left” if the over-regulation of the CU community isn’t brought out control, America’s Credit Unions has told Congress.
ALEXANDRIA, Va.—When the NCUA board meets next Wednesday it will have a relatively light agenda, as quarterly briefing on the Share Insurance Fund (SIF) is all that is currently on the schedule.
WASHINGTON—All seven credit union-supported candidates won in this week’s primary elections in Maryland, Nebraska, and West Virginia, America’s Credit Unions reported.
WASHINGTON—The House Financial Services Committee was told the Community Development Financial Institution (CDFI) Fund needs additional oversight so it can effectively support underserved communities, according to America’s Credit Unions.
ST. PETERSBURG, Fla.– During April growth rates among credit union cardholders were positive, but only up “modestly” year over year, according to Velera.
CARMEL, Ind. — A former credit union employee has been sentenced to nearly three years in prison after pleading guilty to participating in a scheme that stole $2 million from members.
ALEXANDRIA, Va.–Registration is now open for a June 5 webinar to be hosted by NCUA on the minority depository institution designation and how it can benefit their members and communities.