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ALBANY, N.Y. – In what this state’s credit unions are calling a “major victory,” the New York State Assembly has passed a bill allowing credit unions access to the state Banking Development Districts Program for the first time, allowing CUs to receive up to $10 million in subsidized public deposits and other benefits.

MADISON, Wis. –CUNA Mutual Group has announced thelaunch of Horizon II, a new generation of the MEMBERS Horizon Variable Annuity.

MURUPARA, N.Z.–A small town here is out of cash and it may remain that way a local credit union’s ATM was stolen for a second time. 

RANCHO CUCAMONGA, Calif.– CO-OP Financial Services is bringing back its “Roadshow” events in 2019 to six locations across the country between July and October. 

DULUTH, Ga. – Georgia United Foundation partnered with Georgia United Credit Union, students from the University of Georgia (UGA), Dalton State College and the Internal Revenue Service to provide free Volunteer Income Tax Assistance (VITA) to 3,813 residents in the local community during the tax season this year.

MEDFORD, N.Y.– Suffolk Federal recently presented a total of $30,000 in college scholarships ($5,000 each) to six local high-school seniors who will be attending Suffolk County Community College.

DUBLIN, Ireland–At least three-dozen credit unions in Ireland have imposed a limit on the deposits members can have, in some cases as low as €15,000, as a result of negative interest rates now in place at the country’s two largest banks.

WATERLOO, Iowa–For the sixth consecutive quarter, Veridian Credit Union has been ranked first in a national index for returning value to members, according to Callahan & Associates’ Return of the Member ranking.

Many credit unions breathed a sigh of relief when the Finaancial Accounting Standards Board (FASB) announced that it would delay implementation of its Current Expected Credit Losses (CECL) standard for credit unions and other non-public entities from fiscal years beginning after Dec. 15, 2020 to Dec. 15, 2021. 

GAHANNA, Ohio–KEMBA Financial Credit Union has introduced a new education and awareness initiative called KEMBA Cares.