A Life-Changing Job Experience 01/27/2021 07:54 pm ALLEN, Texas—One credit union has hired special needs teens to be greeters in its lobbies, and the program has turned out not only to be life-changing for the young people but also an answer to a problem the CU previously could not solve.
ABA Identifies What It Says Are ‘Significant Issues’ In Latest Round of PPP As… 01/27/2021 07:45 pm WASHINGTON–The American Bankers Association told the Treasury Department and the SBA that banks are encountering “specific problems” that are “impairing” the ability to make loans as part of the latest round of the Paycheck Protection Program (PPP).
Corporate One Selected to Participate in Pilot of FedNow Service 01/27/2021 07:56 pm COLUMBUS, Ohio – Corporate One FCU is reporting it has been selected as one of 110 organizations to participate in the pilot program for the Fed’s upcoming instant payments offering, the FedNow Service.
…SBA Says It’s Taking Steps to Improve Program 01/27/2021 07:45 pm WASHINGTON—The U.S. Small Business Administration (SBA) said it is taking steps to improve the First Draw Paycheck Protection Program loan review so that small businesses have as much time as possible to access much needed PPP funds.
CU Execs Close to ‘Pessimistic’ About Economy in Latest NAFCU Survey 01/27/2021 07:46 pm ARLINGTON, Va.—Despite an improving economy, credit union leaders are skeptical about the future of their business.
CUNA Tells NCUA It Supports Proposal Allowing CUs to Capitalize Interest 01/27/2021 07:45 pm WASHINGTON—Allowing credit unions to capitalize interest would provide a consumer-friendly option and will likely lead to credit unions using it to help struggling borrowers, CUNA said in a comment letter to NCUA.
CFPB Budget Was Up 9% in 2020, Primarily Due to New Employees, Facilities 01/27/2021 07:45 pm WASHINGTON–The CFPB’s budget was up by more than 9% during its most recent fiscal year to $558.5 million, according to the Bureau’s just-released fall 2020 semiannual report.
Wings Financial To Buy Brainerd S&L 01/27/2021 07:56 pm APPLE VALLEY, Minn.—The $6.5-billion Wings Financial CU announced it intends to buy $70.2-million Brainerd Savings & Loan, based in Brainerd, Minn.
