Two CUs Look Inside for New CEOs; Retirement Announced by One Long-Time Leader 12/08/2020 07:43 pm RAPID CITY, S.D.– Two credit unions have announced new presidents/CEOs, and both found their candidates internally. In Michigan, meanwhile, a CEO has announced retirement plans after 40 years.
CUNA, NAFCU Join Other Groups in Calling on OCC to Postpone Bank’s Pending National Bank Charter; SCOTUS Hears Arguments of Interest to CUs 12/08/2020 07:45 pm WASHINGTON—CUNA and NAFCU have joined with other financial services trade associations to urge the Office of the Comptroller of the Currency (OCC) to postpone its consideration of Figure Bank's application for a national bank charter pending evaluation of public comments and consultation with the Federal Reserve, FDIC, and the Department of Justice.
Sen. Paul Sarbanes, Who Played Big Role in Key Piece of Legislation Affecting CUs, Dies 12/08/2020 07:44 pm WASHINGTON—A long-time champion of credit unions in Congress, Sen. Paul Sarbanes, has died. Sarbanes, who served from 1977-2007 in the Senate representing Maryland, including on the Senate Banking Committee, was 87.
Total Vehicle Sales Slow, But Vaccine Could Mean a ‘Healthy Spring’, Job Growth Hits Brakes in November 12/08/2020 07:45 pm ARLINGTON, Va.—Total vehicle sales slowed in November, falling from 16.3 million annualized units to 15.6 million during the month, representing an 8.1% decrease in sales levels versus last year. Separately, new government data show job growth slowed in November.
