WASHINGTON–On the opening day of NCUA’s DEI Summit here, Chairman Todd Harper urged attendees to remember the “roots of the credit union movement as a financial system meant to work for everyone, urged they share best practices, discussed the importance of “allyship,” and shared how CUs stack up in a “social index.”
Fresh Today
WASHINGTON–The triple-digit APRs that are often charged lower-income borrowers by payday lenders may consistently get the headlines, but a new report finds the powerful financial firms behind the short-term loans have managed to block at least five federal investigations into their business practices since the start of 2022.
ST. LOUIS–Ten months after many Americans made New Year’s resolutions for 2023 related to their finances, “many Americans are looking back on the year and seeing an ugly picture,” according to a new survey.
BATTLE CREEK, Mich.–OMNI Community Credit Union has named a new president and CEO to succeed the retiring Ted Parsons, who will step down on Dec. 1.
WASHINGTON—The proposed changes to credit card interchange in the Credit Card Competition Act are a big concern for credit unions in how it would impact the 137 million members they serve nationwide, CUNA wrote to all members of Congress, referring to the bill as the “Big Box” interchange bill.
DUNEDIN, Fla.–Achieva Credit Union said it has acquired Cannella Insurance Services and will continue to operate under the same management and team but under the new name, Achieva Insurance Agency.
INDIANAPOLIS – The Indiana Credit Union League’s board has elected its executive officers.
IRVINE, Calif. – Origence, a provider of lending technology solutions, said it will hist a free webcast titled, “Indirect Lending: Trends, Challenges and Beyond,” on Nov. 2 at 2 p.m. ET.
DENVER–Members of the $22-million Porter FCU have voted in favor of merging into the $63.3-million Columbine FCU in Centennial, Colo.
ARLINGTON, Va. – The National Association of State Credit Union Supervisors (NASCUS) said the South Carolina Board of Financial Institutions; Office of the Commissioner of Banking has earned Accreditation.