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RED ROCK, Okla.–Otoe-Missouria FCU here has been presented with a new federal credit union charter.

NEW YORK—Americans now pay their financial institutions an average 17% interest on credit cards, the highest level recorded by the Federal Reserve, a new report reveals.

ROCHESTER HILLS, Mich.–Lake Michigan Credit Union said it has closed on the purchase of a branch from CCF Bank at 310 West Tienken Road. The announcement was made by Sandy Jelinski, LMCU president and CEO.

LISBON, Portugal–The Defense Credit Union Council (DCUC) has concluded its 2019 Overseas Sub-Council Conference here. The objective of the event was to provide education, advocacy, and professional networking for overseas defense credit unions to better serve servicemembers and their families stationed abroad.

NEW YORK–Credit union CFOs here were told their job is about more than just crunching numbers and, much like marketers, they also have a job to do in telling a story.

NEW YORK–The effect of CECL extends far beyond the accounting function to a much longer-term issues, including forecasting, business models, strategic decisions, KPIs and especially the ability to communicate with non-financial people.

WASHINGTON—Ahead of Congress’ Memorial Day recess next week, both the Senate and House are back in session, with credit unions paying attention to legislation related to certain roll-backs at the CFPB, as well as funding for the National Flood Insurance Program (NFIP).

ELIZABETHTON, Tenn.—Two credit unions have announced new naming rights deals.

COSTA MESA, Calif.—Subprime loan originations and balances continue to rise, a new report shows.

SAN FRANCISCO—Square is getting into the CBD oil market by launching a payment processing service for the industry.