Three Credit Unions—That Used to be Six—Announce Completion of Mergers 10/04/2022 07:09 pm FORT WAYNE, Ind.– Three credit unions announced they have completed merging in other credit unions.
In Response to NCUA Statement on CRE & Workouts, CU Trade Groups Offer Input, Suggest ‘Meaningful Risks’ 10/04/2022 07:14 pm WASHINGTON—NAFCU and CUNA have each written to NCUA in response to a proposed interagency policy statement on prudent commercial real estate (CRE) loan accommodations and workouts, with concerns over some “meaningful risks” being raised.
CU Solutions Group Announces Streamlining of Structure; Changes to Product Focus, Management 10/04/2022 07:09 pm LIVONIA, Mich.–CU Solutions Group, a unit of the Michigan CU League, (CUSG) has announced a streamlining of its management structure and product focus for 2023 and beyond.
PSECU in Month-Long Drive to Raise Funds to Fight Hunger 10/04/2022 07:09 pm HARRISBURG, Penn.–Pennsylvania State Employees Credit Union (PSECU) said it is again working during October, which is Tackling Hunger Month, to raise funds for the state’s food banks.
Louisiana Plans to Distribute $600M to Hurricane Victims Via Credit Unions, Other Institutions 10/04/2022 07:09 pm BATON ROUGE, La.–The state of Louisiana has signed a $600-million HUD grant agreement for recovery from 2020’s hurricanes Laura and Delta, and one government official said credit unions are among the proposed distribution points.
Fannie Mae Names New CEO 10/04/2022 07:09 pm WASHINGTON—Fannie Mae has named Priscilla Almodovar as its new CEO and as a member of its board of directors, effective Dec. 5.
SAFE FCU Expands Partnership With PSCU 10/04/2022 07:14 pm SUMTER, S.C.–SAFE FCU has expanded its relationship with PSCU beyond processing to now also include debit processing support.
A Tale of 2 CU Liquidity Options 10/04/2022 02:52 pm The dramatic drying up of market liquidity since the Fed launched its fight on inflation earlier this year has been multidimensional.
J.P. Morgan Makes Acquisition as it Builds Out Next-Gen Merchant Acquiring Platform 10/04/2022 07:04 pm NEW YORK—J.P. Morgan has signed an agreement to acquire Renovite Technologies, Inc., a cloud-native payments technology company.
United CU Receives Juntos Avanzamos Designation 10/04/2022 02:04 pm CHICAGO– United Credit Union hosted a celebration in recognition of receiving the Juntos Avanzamos (Together We Stand) designation from Inclusiv.
