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TEMPE, Ariz. –TruWest Credit Union said it has begun offering a new auto buying program through Costco Auto. The credit union noted the program is aimed at helping members purchase new and pre-owned certified vehicles at discounted prices.

WASHINGTON– “The devil is going to be in the details,” according to one analysis of what a new Internal Revenue Service proposal could mean for credit unions.

ARLINGTON, Va.–Over the past year reports from most credit unions have been generally positive about the virtual exams NCUA has conducted during the pandemic. But there are increasing concerns by the trade groups that the reach of those exams will be extended and the burden on CUs will get heavier.

WASHINGTON—CUNA has filed comments with both Treasury’s Financial Crimes Enforcement Network (FinCEN) and with NCUA regarding the use of the Model Risk Management Guidance (MRMG) for Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance.

WYOMING, Mich.–Bloom Credit Union has announced a new CEO to replace the retiring Daniel Baines.

WASHINGTON–Both the House and the Senate are in session this week.

ALEXANDRIA, Va.–NCUA Board Chair Todd Harper will host the first of three virtual educational and networking roundtables for federally insured credit unions certified as minority depository institutions on June 30.

By Ray Birch

DALLAS—One ALM expert believes NCUA’s new  rule on derivatives not only solves a “classic” dilemma for many of the very largest credit unions, it may also provide some assistance for credit unions further down the asset scale.

FONTANA, Calif.—A new branch here is being shared by three different CUs and saving each of them money, demonstrating the credit union difference, and providing a real-world example of how cooperatives can cooperate.

CHEYENNE, Wyo.— WyHy FCU is partnering with collaborative back office and technology CUSO Aux, and has selected the data analytics platform Cuery.