WESTBROOK, Maine–Cris Wescott has been named the interim president/CEO of the Maine Credit Union League and its subsidiary, Synergent, filling a post being vacated by Todd Mason, who plans to return to his home state of Michigan.
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ORLANDO, FL – The African American Alliance of CDFI CEOs and Community Vision have announced the launch of the African American Equity Impact Scorecard.
RALEIGH, N.C.– Kristina Ray has been appointed as Administrator of the North Carolina Credit Union Division, effective July 1, 2023, succeeding the retiring Rose Conner.
GREENSBORO, N.C.–Vizo Financial Corporate FCU is reporting that through its service provider, Aptys Solutions, it has become among the first to complete testing and certification for the FedNow Service, the Federal Reserve’s new instant payment offering that is set to launch next month.
LIMA, Peru—USAID and World Council of Credit Unions (WOCCU) are reporting they brought together representatives of more than 200 public and private sector organizations for a pair of events in Peru and Ecuador that focused on the United States’ commitment to the socioeconomic integration of vulnerable local and migrant populations through sustainable initiatives like the newly extended Economic Inclusion Project (EI
WASHINGTON—In response to an action filed by the Federal Trade Commission, a federal court has entered a temporary restraining order against the operators of a Florida-based business firm offering an “opportunity” and real estate investment training scheme known as Ganadores Online and Ganadores Inversiones Bienes Raíces.
PHILADELPHIA–Credit unions have increasingly focused on “meeting members at where they are” in life. A new analysis has found that while people still experience key life milestones, they are coming later in life than they did 40 years ago.
WASHINGTON— The Community Development Financial Institutions (CDFI) Fund’s budget would be reduced to $278 million—a reduction of $46 million--under the House fiscal year 2024 financial services and general government (FSGG) funding bill released by the House Appropriations Committee.
WASHINGTON–In a bipartisan vote, the Senate Banking Committee has agreed on a bill that would stiffen penalties for executives of failed banks, increase oversight of the Federal Reserve and restrict takeovers by megabanks.
WASHINGTON–The American Bankers Association said it is “disappointed” in a statement by the chairman of the FDIC that higher capital standards for banks are likely ahead.