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.
THE market
ORLANDO–CSCU presented its Exceptional Marketing Ideas (EMI) Awards to 12 CUs during its recently held annual conference here.
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.
BROOKFIELD, Wis.–Fiserv reported that six credit unions with assets of $1 billion or more have extended and expanded their relationships with the company.
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.
GRAND RAPIDS, Mich.-More than a dozen credit unions have now signed on with Xtend for its Zipwhip two-way landline texting solution.
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.
ST. PETERSBURG, Fla.–PSCU has announced that Glynn Frechette has been named SVP of Advisors Plus, PSCU's division of strategic consultants and marketing experts.
MADISON, Wis. – CMFG Ventures, LLC, the venture capital entity of CUNA Mutual Group, said it has made an investment in Chicago-based, MortgageHippo, Inc., a financial technology startup that provides a digital mortgage platform to guide consumers through every step of the mortgage origination process.
