Advanced search

Some notes from around credit unions I dug up from the bottom of a box of medical face masks:

WASHINGTON—The Government Accountability Office (GAO) has released a new report that shows for at least one large credit union Bank Secrecy Act compliance costs are significantly higher than that of banks’.

TAMPA, Fla.–Credit unions should act now to breathe new life into and build additional revenues from their card portfolios during 2021.

ATLANTA—A credit union with a strong national tie to the U.S. Postal Service says the only way it can expand effectively within its state is to go into new markets with a new name.

WASHINGTON—The Government Accountability Office (GAO) has released a report on the Federal Government’s COVID-19 response, including a review of the Paycheck Protection Program, offering new findings and suggesting “uncertainties” remain for many lenders.

ARLINGTON, Va.—With NCUA indicating an NCUSIF premium may be in the offing, NAFCU is proposing some alternatives.

If credit unions could count $1 toward their capital for every new survey announcing it has uncovered startling news the coronavirus pandemic has led to a surge in consumers using digital tools to access accounts rather than a branch, CUs would be paying out bonus dividends.

WASHINGTON–A new survey of senior loan officers has found most expect to see an increase in inquiries over the next few months related to commercial and industrial loans as part of the federal government’s Main Street Lending Program—but a much more modest increase in the number of banks willing to extend such loans.