MADISON, Wis.—More than $100,000 in donations have been made to the Worldwide Foundation for Credit Unions’ Project Storm Break fund in the wake of Hurricane Dorian, which hit the Bahamas especially hard. The new donations bring the total amount donated to more than $200,000, the Foundation reported.
THE news
BROOKLYN, N.Y.––Running through Oct. 1, Polish & Slavic FCU is choosing the name of a member at random every day and awarding them a prize as part of a promotion to mark several recent milestones.
WASHINGTON–The House has passed the Secure and Fair Enforcement (SAFE) Banking Act, which provides a number of protections for financial institutions serving cannabis businesses in states where marijuana has been legalized in some form.
WASHINGTON–The National Credit Union Foundation has named the recipients of the 2020 Herb Wegner Memorial Awards for Outstanding Individual Achievement.
ARLINGTON, Va.—While there was "sagging" home sales through the early part of this year, NAFCU Chief Economist and Vice President of Research Curt Long said, "the housing market has recovered nicely," as existing-home sales grew 1.3% (seasonally adjusted) in August to 5.49 million units.
WASHINGTON–The Justice Department’s announcement that it will join with the CFPB in an appeal to the U.S. Supreme Court that argues its leadership structure is a violation of the Constitution is being blasted by at least one consumer group.
TALLAHASSEE, Fla.–First Commerce Credit Union said it is buying The Citizens Bank in Nashville, Ga. The bank is located approximately 90 miles from FCCU’s headquarters, but has branches in Southwest Georgia that are closer.
FREEPORT, Bahamas–The CEO and COO of a Philadelphia credit union have arrived in the Bahamas and is reporting first-hand on the damage from Hurricane Dorian.
NEW YORK–Federal prosecutors in Manhattan have opened an investigation into possible lending fraud in the New York City taxi industry, and a number of now-defunct credit unions are expected to be involved.
FREEPORT, Grand Bahama–A credit union on this hurricane-devastated island has reopened its office–albeit with limited hours–and is working to service members.