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TULSA, Okla.–TTCU FCU announced it paid out nearly $3 million to its members in the form of member rewards dividends during 2018. The credit union said the payout of $2,984,000 was a 6% increase over 2017.

NEW YORK—Are enforcement efforts and fines by the U.S. government slowing money laundering at financial institutions? One new report suggests they are not.

BALTIMORE–MECU has pledged $50,000 in annual funding for the next four years to support the launch of two new Arts Every Day initiatives  in Baltimore– the Arts Challenge Fund and the MECU Music Ed/Remix. The objective is to enhance arts education for students in Baltimore City Public Schools in a time when budgets for arts disciplines are declining nationwide, the credit union said.

SAN ANTONIO–Harland Clarke has named Jana Schmidt as its new CEO.

MADISON, Wis. —The World Council of Credit Unions said the Sunday night keynote speaker at the 2019 World Credit Union Conference will be Connie Dieken who will present on how to influence change.

SAN DIEGO–A court has ruled that a trademark violation lawsuit between two credit unions can continue.

WASHINGTON—The Financial Accounting Standards Board (FASB) is seeking comments on a proposed update to the current expected credit loss (CECL) standard.

MADISON, Wis.–Credit union loan growth remained strong through November 2018—although once again there are strong disparities between large and small CUs–whileaverage annualized loan yields rose to 4.66% as old lower-rate loans repriced.

TAMPA, Fla.–University of South Florida Federal Credit Union said it is establishing new scholarships and expanding existing ones for a total of $205,000 that will support USF students studying many disciplines.

WASHINGTON–While the credit union trade groups said they welcome a decision by the CFPB to delay a rule requiring payday lenders to prove borrowers’ ability to repay, two consumer groups are objecting to the decision.