VIENNA, Va.– Attorneys for Navy Federal Credit Union have filed a motion to dismiss a lawsuit filed against it over alleged bias in its mortgage lending.
Fresh Today
CHICAGO— Nearly one in seven newly created accounts is suspected to be fraudulent, meaning lenders face $3.1 billion in exposure to synthetic identity fraud, according to a new analysis from TransUnion.
NEW YORK -- S&P Global Market Intelligence has released its annual rankings for 2023's top-performing credit unions, as well as its compilation of best-performing community banks with assets between $3 billion and $10 billion, community banks with assets below $3 billion, and top performing U.S. public banks with more than $10 billion in total assets.
MINNEAPOLIS–The first Black-led credit union in Minnesota has been granted its charter, the first new state-chartered credit union in the state in 23 years.
DENVER — After a double-homicide and other security issues at a hotel that was converted into a homeless shelter, Partner Colorado Credit Union said it will be closing a branch that is located nearby.
WASHINGTON—The importance of the credit union tax exemption in separate letters to the House Appropriations Subcommittee on Financial Services and General Government and the Senate Finance Committee ahead of their hearings on the president’s fiscal year 2025 budget proposal.
WASHINGTON—The Protecting Access to Credit for Small Businesses Act, which would prevent the Small Business Administration (SBA) from making direct loans through the 7(a) program, has received support from America’s Credit Unions.
PALMER, Alaska–Ed Gravley, CEO of Matanuska Valley FCU, has announced plans to retire in the first quarter of 2025.
AUGUSTA, Maine–An update to laws for state-chartered credit unions in Maine has been signed into law by Maine Gov. Janet Mills.
GREENSBORO, N.C.–Vizo Financial Corporate CU said its annual hot dog eating contest will be returning later this summer.