COVID Crisis Not A Credit Buster Here 04/05/2021 08:00 pm LA CROSSE, Wis.–Some good news is coming out of the pandemic, according to Marine Credit Union—many of its members’ credit is in better shape now than it was a year ago, and nearly 3,000 members have signed on with a new credit-building program.
And The Top-Performing CUs in S&P Global Rankings Are… 04/05/2021 08:03 pm PHILADELPHIA–Police and Fire FCU has been named the “top-performing” credit union in the U.S. in a ranking by S&P Global Market Intelligence that ranked the top 100 CUs with assets of more than $100 million.
CUNA Mutual Acquiring Prearranged Funeral Insurance Business for $1.3 Billion 04/05/2021 09:18 pm MADISON, Wis. –CUNA Mutual Group has agreed to acquire Assurant’s prearranged funeral insurance and final expense business for approximately $1.3 billion.
Supreme Court Ruling on TCPA Welcomed, But It’s Congress That Really Needs to Act, Says NAFCU 04/05/2021 07:59 pm WASHINGTON–A unanimous ruling by the Supreme Court in favor of a CU-backed position related to the Telephone Consumer Protection Act (TCPA) is welcome news to CUs, but it hardly closes the case and more needs to be done, according to one person.
Digital Currency Now Live In Eastern Caribbean 04/05/2021 08:02 pm BASSETERRE, St. Kitts— The Eastern Caribbean Central Bank (ECCB) said its digital currency, DCash, has gone live, beginning with Antigua and Barbuda, Grenada, St Kitts and Nevis, and St Lucia.
Behind Good News in Latest Jobs Numbers Some Concerns are Highlighted 04/05/2021 07:58 pm WASHINGTON—Last week’s data showing new jobs created in March far exceeded expectations is good news, but there remain millions of long-term unemployed, noted one economist.
As CFPB Warns About Foreclosure ‘Tidal Wave,’ But 1 Person Expects CUs to Remain Dry 04/05/2021 07:58 pm ARLINGTON, Va.–A new focus by the CFPB on mortgage issuers related to what it said could be a “tidal wave” of foreclosures due to expiring forbearances should not be a significant concern for credit unions, according to one person with NAFCU.
SAFE FCU Hosts Virtual Membership Forum 04/05/2021 08:02 pm SUMTER, S.C. –SAFE Federal Credit Union conducted its 66th Annual Membership Meeting in a virtual format, with members able to watch online.
CUNA Mutual Group Reports Strong 2020 With $146M in Net Income 04/06/2021 07:47 pm MADISON, Wis. – CUNA Mutual Group is reporting it closed 2020 with more than $4 billion in revenue and $146 million in net income, growing total assets by 15.7% to $28.49 billion. Liabilities totaled $23.82 billion.
Consumer Groups Say CFPB Proposal on Foreclosures is Not the ‘Right Solution’ 04/06/2021 07:47 pm WASHINGTON–Housing advocates from a number of consumer groups are speaking out against proposed rules from the CFPB that the Bureau said are designed to ensure homeowners do not face foreclosure once many forbearances expire.
