THE market

ARLINGTON, Va.—A newly released study sponsored by NAFCU, Allied Solutions and OnApproach outlines some of the key qualities and trade-offs for a variety of models for implementation of the Financial Accounting Standards Board's current expected credit loss (CECL) accounting standard, which starts taking effect for credit unions in fiscal years beginning after Dec. 15, 2020.

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services said it will pay a shareholder dividend of $26.1 million for fiscal year 2016, raising to $393.7 million the total patronage amount made available by CO-OP since becoming a cooperative in 1996, the company reported.

MADISON, Wis.—CUES has named Antonio (Tony) Hill  as SVP/chief marketing officer, a position new to the membership association.

MONETT, Mo–Symitar has announced that, included in its new core wins during the first 10 months of its fiscal year, the company has added six new billion-dollar core credit union footprints for its Episys system.

ST. PETERSBURG, Fla.–The $36-bilion State Employees CU (SECU), the second-largest CU in the world, has signed a long-term renewal agreement for credit card processing services with PSCU.