MADISON, Wis.—The World Council of Credit Unions (WOCCU) is inviting “emerging credit union leaders” under the age of 40 and women of any age to apply for the 2024 WOCCU Fellowship, which will designate one person from each of those categories to participate in WOCCU board meetings for a period of one year.
RICHARDSON, Texas–Texans Credit Union is now looking for a new location for what would be its first branch in 20 years.
TYSONS, Va.–PenFed Credit Union said it is partnering with the San Diego Wave FC of the National Women’s Soccer League to offer an exclusive VIP Fan experience.
NEW YORK—Goldman Sachs continues its retreat from consumer lending. The bank is in talks to transfer its General Motors credit card program to Barclays, the Wall Street Journal reported.
PUDONG, China—UnionPay International has teamed up with JD PAY, JD.com’s digital payment service, with a goal of expanding its cross-border payments capabilities around the world.
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.
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.
