NEW CASTLE, N.H.–NCUA is unlikely to assess a premium to shore up the insurance fund anytime soon, and any changes that might be made to FDIC insurance due to what’s taken place in the banking industry will need to be matched by the CU insurance fund, according to the agency’s leader.
NEW CASTLE, Del.–There is considerable uncertainty in markets and among CU management teams, but there are ways to embrace that uncertainty and grow, especially if an organization understands it’s “seeds, weeds and needs.”
BANNOCKBURN, Ill.– Great Lakes Credit Union has lowered its par value share minimum to $1 from $5. The credit union said the decision “represents a significant step toward increasing financial accessibility” for individuals and families in the community, as the lowered par value reduces the barrier of entry for GLCU members.
FRESNO, Calif.–Credit unions in two states have named new leadership.
ALEXANDRIA, Va.–A cybersecurity audit of NCUA has concluded the agency needs to enhance its account recertification process for privileged users and to strengthen its Security Information and Event Management (SIEM) tool processes.
DALLAS–Registration has opened for ALM First’s 2023 Financial Forum, set for Sept. 24 – 27 at The Ritz-Carlton Bacara in Santa Barbara, Calif.
COLORADO SPRINGS, Colo.–The Colorado Court of Appeals has overruled a district court ruling involving Ent Credit Union and its motion to compel arbitration with a member who had filed suit and alleged she had not been given sufficient notice of a change in the membership agreement.
MADISON, Wis. – The National Credit Union Foundation has opened registration for its Workshop 2023 event that seeks to help credit unions better serve Hispanic consumers.
MADISON, Wis.—The Worldwide Foundation for Credit Unions (WFCU) has announced that on July 25 it will recognize 18 people from seven countries as the International Credit Union Development Educator (I-CUDE) Class of 2023 at a special event held in conjunction with the 2023 World Credit Union Conference in Vancouver, B.C.
SANDY, Utah–Mountain America Credit Union continued its various sports-related partnerships by entering into a deal with the WNBA’s Phoenix Mercury. The $17-billion credit union said the deal will also allow it to increase its charitable work.
