SACRAMENTO, Calif.—Those robust numbers credit union shave been reporting are paying off in the form of early Christmas presents, as some CUs have begun paying out year-end bonuses.
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MIAMI GARDENS, Fla.—North Dade Community Development FCU appears to be following the cease and desist order issued by NCUA to stop, or suspend, the activities that led to a $300,000 fine by FinCEN.
ST. PETERSBURG, Fla.—The Consumer Financial Protection Bureau’s proposed rules for prepaid will likely put a stop to tying the cards to overdrafts, and are only the bureau’s first volley against overdrafts, according to several analysts.
MADISON, Wis.—That larger credit unions have been getting larger and growing faster than smaller credit unions, some of which have even reported member and asset declines, is no secret.
WASHINGTON—A new study shows that credit unions are beating banks by a healthy margin on new car lending rates.
MIAMI GARDENS, Fla.—A $4-million CU here that did more than $1 billion in outgoing wires in 2013 and which has been hit with a $300,000 fine is declining to comment on the matter.
GOSHEN, Ind.—Traditionally limited to the day after Thanksgiving, Interra Credit Union here is one of many credit unions nationally that are running Black Friday promotions beginning today, with some running for a week
CHICAGO—Writing off the Beatles as “finished” before they ever started. Dismissing the telephone (and doing it again a century later). The squirrel-zapping bird feeder. All are examples of bad decision-making in business. In honor of Thanksgiving, CUToday.info offers this salute to business and management “turkeys.”
FERGUSON, Mo.—Alliance Credit Union is crossing its fingers one more time, hoping that luck will hold out for its office here that again has remained unharmed following another night of rioters smashing windows, burning cars and buildings and destroying storefronts.
CUToday.info offers an overview of all the issues surrounding the federal agency’s budget, the views of members of the NCUA board, the views from the trade association, and the viewpoints of six different CEOs.