LAS VEGAS—Credit union CFOs and accountants have a new hero—a three-time winner of the Excel World Championship. Yes, it’s a competition involving the use of Excel spreadsheets—has been won by Australian Andrew “the Annihilator” Ngai for the third year in a row.
Fresh Today
GREENVILLE, S.C.–The number of open positions for which credit unions are seeking candidates continues to grow, with a half-dozen new postings added to CUToday.info’s The Gig.
MADISON, Wis. – TruStage workers represented by Office and Professional Employees International Union (OPEIU) Local 39 said they have reached a tentative agreement with the company after 21 months of what they called “strained negotiations.”
VIENNA, Va.–Navy Federal Credit Union has the widest disparity in mortgage approval rates between White and Black borrowers of any major lender, a trend that “reached new heights last year,” according to an analysis performed by CNN.
NEW YORK—In a new report, Finextra has offered its forecast for the top 10 tech trends for banks and fintechs next year.
ST. PETERSBURG, Fla.— PSCU said it is paying out a $31-million annual patronage dividend for the 2023 fiscal year, with a cash distribution of 30%. According to PSCU, the total cash distribution to its owner-member credit unions this year is $19.4 million, including $7.6 million in capital credits and $2.5 million in revolving funds.
ALBANY, N.Y. – Two leaders of a nationwide bank fraud conspiracy have been arrested in connection with a scheme that has targeted credit unions all over the country since at least December 2021, according to authorities.
ALEXANDRIA, Va.—The 2022 Credit Union Diversity Self-Assessment Results Report is now available.
MADISON, Wis.–TruStage said its compliance solutions offering, which has more than four decades of experience with financial documentation and supports more than 5,400 financial institutions, is partnering with SIGNiX, a leading provider of digital signature solutions.
CHERNIVTSI, Ukraine—The Worldwide Foundation for Credit Unions’ (WFCU) $500,000 Resilience Initiative is reporting it allowed Ukrainian credit unions that partner with the USAID/World Council of Credit Unions’ Credit for Agriculture Producers (CAP) Project to disburse loans to 100 business owners seeking to restore or grow their operations amid Russia’s ongoing invasion.