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ALEXANDRIA, Va.–NCUA has issued one prohibition notice and two prohibition orders. These individuals named are prohibited from participating in the affairs of any federally insured financial institution.

DALLAS – ALM First said it has been added as an asset manager on the Zurich Insurance Group’s platform.

WETHERSFIELD, Conn.–Two credit union CEOs have announced retirement plans, with one of the CUs naming a successor.

RANCHO CUCAMONGA, Calif.–Credit unions are being urged to prepare now for “strong payment portfolio growth,” with one person saying spending on credit cards is “on the cusp of a run.”

WASHINGTON—Several Federal Housing Finance Agency (FHFA) issues require immediate attention, according to CUNA, which has outlined its concerns in a letter to new FHFA Acting Director Sandra Thompson.

NEWPORT NEWS, Va.–Two Virginia credit unions have announced plans to combine.

WASHINGTON—The Federal Housing Finance Agency (FHFA) announced changes to loan modification terms for COVID-19 impacted borrowers with mortgages backed by Fannie Mae or Freddie Mac needing payment reduction for successful home retention.

WASHINGTON—NAFCU has written to the Senate in support of the Improving FHA Support for Small-Dollar Mortgages Act of 2021, S. 2131, which would require the Federal Housing Administration (FHA) to conduct a review of any barriers to small-dollar mortgages and report to Congress on plans to remove those barriers.

DOVER, N.J.–NCUA has liquidated tiny Defense Logistics FCU and sold its assets, member shares and loans to Pentagon FCU.

GENEVA, Switzerland – Sixty-five percent of global banking executives believe branch-based banking will be “dead” within five years, according to a new report.