Retired CEO Clark Shares Success Secrets 06/22/2023 07:14 pm WASHINGTON—Before Evan Clark stepped down as CEO of Department of Commerce FCU in June, he asked his successor, Patrick Collins, what the E stands for in CEO.
Bill That Would Stiffen Penalties for Execs at Failed Banks, Increase Fed Oversight Passes Senate Banking Committee 06/22/2023 07:12 pm WASHINGTON–In a bipartisan vote, the Senate Banking Committee has agreed on a bill that would stiffen penalties for executives of failed banks, increase oversight of the Federal Reserve and restrict takeovers by megabanks.
Oregon Passes CU-Backed Bill Requiring High Schoolers to Get Financial Education 06/22/2023 07:17 pm SALEM, Ore.– Oregon’s legislature has passed a credit union-backed bill that adds a requirement for high school students to complete one half-credit of higher education and career path skills and one half-credit of personal financial education in order to receive a high school diploma.
CDFI Fund Budget is Reduced by $46 Million in Bill Proposed by House Committee 06/22/2023 07:13 pm WASHINGTON— The Community Development Financial Institutions (CDFI) Fund’s budget would be reduced to $278 million—a reduction of $46 million--under the House fiscal year 2024 financial services and general government (FSGG) funding bill released by the House Appropriations Committee.
Working to Meet Members Where They Are in Life? They're Not Where They Used to Be 06/22/2023 07:19 pm PHILADELPHIA–Credit unions have increasingly focused on “meeting members at where they are” in life. A new analysis has found that while people still experience key life milestones, they are coming later in life than they did 40 years ago.
