ALEXANDRIA, Va.–The NCUA board has voted 3-0 to put out for 60-day comment a proposal related to its operating fee schedule methodology for federal credit unions, including an increase in the asset threshold for FCUs to be exempt from paying the operating fee to $2 million from $1 million.
Fresh Today
PALM COAST, Fla.–In part II of this latest review of credit unions seeking to merge, CUToday.info has found nearly all are below $10 million in assets (just two are between $40-$100 million in assets), and again uncovers CUs unable to find new managers, saying they simply can’t afford new technology (two of the CUs don’t have websites) and, in one case, one offering a pretty unique formula for how it determined net worth should not be returned to members.
NEW YORK–Forbes has released its annual list of the Best-in-State Credit Unions for 2023.
ALEXANDRIA, Va.—When the NCUA board meets Thursday it will vote on a request for comment on its operating fee methodology, as well as on a proposed interpretative ruling and policy statement related to the Minority Depository Institution (MDI) Preservation Program.
WASHINGTON–Can any issue bring members of Congress together in a bipartisan way? At least one can, and its legislation to claw back the pay of executives at failed banks.
WASHINGTON–The federal government is providing new direction around its efforts to place greater scrutiny on bank mergers.
WINSTON-SALEM, N.C. –Allegacy FCU said it has entered into a long-term partnership with Wake Forest University it said is the largest of its kind in the university’s history and which includes naming rights to its football stadium.
MADISON, Wis.–Filene will host a webinar today on ITIN lending. The session is set to begin at 12 ET.
OSLO, Norway–One Federal Governor is flatly rejecting any suggestion the Fed’s 14-month-long pace of rate increases played any role in the failure of three large banks and a resulting crisis in confidence.
WHITEFISH, Mont. –– Whitefish Credit Union has introduced a new online “Members Stories” documentary series it said is aimed at highlighting “some incredible businesses, non-profits, and members shaping and changing Montana for the better.”