DALEVILLE, Ala.—The $3-billion All In Credit Union here has agreed to acquire $115-million SunSouth Bank, based in Dothan, Ala.
Fresh Today
WASHINGTON—Despite what FDIC chairman Martin Gruenberg called a “period of stress” during Q1, net income in the banking industry grew during the quarter, although community banks saw a decrease in income compared to one quarter earlier.
LAS VEGAS–There is a “new era in automotive retail,” and credit unions gathered here were told what they should be watching for and given some strategies to consider in responding.
LAS VEGAS–With change taking place in the automobile, auto lending and lending market in general nearly as quickly as a Tesla accelerates, credit unions were given an update on how one CUSO is working to keep CUs not just “relevant” but a significant presence.
WASHINGTON—Following a rule related to field of membership proposed during the February NCUA board meeting, both credit union trade associations have now offered their feedback to the agency on where they would like to see changes made.
COSTA MESA, Calif.–A new survey by J.D. Power finds many bank customers are reporting incidents of fraud are on the rise.
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has ordered installment lender OneMain Financial to pay $20 million in redress and penalties for failing to refund interest charged to 25,000 customers who cancelled purchases within a purported “full refund period,” and for deceiving borrowers about needing to purchase add-on products to receive a loan.
WESTBROOK, Maine–Maine’s credit unions today will once again kick off their annual $100,000 Ending Hunger Challenge. The fourth annual initiative will run throughout June as part of Maine Credit Unions’ Campaign for Ending Hunger.
ALEXANDRIA, Va.– NCUA has issued a new prohibition order, permanently prohibiting the individual from ever again participating in the affairs of any federally insured depository institution.
RANCHO CUCAMONGA, Calif.–Co-op Solutions has released a new white paper that it said explores the connection between daily interactions and long-term growth.