Global CU Announces Plan to Buy $1.5-Billion Bank; Second Such Deal This Week 01/11/2024 07:56 pm ANCHORAGE, Alaska—In a deal that represents the largest bank purchased by a credit union to date, the $11.8-billion Global FCU here announced it intends to buy $1.5-billion First Financial Northwest Bank based in Renton, Wash.
A Look at What Made 2023 Unique 01/11/2024 07:58 pm LAKE TAPPS, Wash.—While credit union mergers during 2023 were actually down when compared to recent years, one type of combinations was up—assets acquired via credit union deals with banks.
Congress Told CUs Ready to Address Gaps in Homeownership; Senate Fails to Override Veto of CFPB’s Section 1071 Rule 01/11/2024 07:49 pm WASHINGTON—Congress has been told the country’s credit unions are prepared to work on initiatives to improve access to housing and reduce gaps in homeownership rates.
Judge Denies Motion for Class Action in Suit Against CU Retirement Plan Association 01/11/2024 07:48 pm MADISON, Wis.–A federal court in Wisconsin has denied a motion for class certification in a federal benefits lawsuit from former participants in 401(k) plan managed by the Credit Union Retirement Plan Association.
You Don’t Say. No, Literally: Lawsuits Filed Against 2 Banks Over Non-Disparagement Clauses 01/11/2024 07:48 pm LOS ANGELES–A lawsuit has been filed against two major banks over so-called non-disparagement clauses included in the terms and conditions of online banking agreements with customers.
Legislation Again Introduced to Extend Loan Maturity Limits for FCUs 01/11/2024 07:52 pm WASHINGTON—Legislation that would increase federal credit union loan maturity limits has again been introduced in Congress. The bill would allow federal credit unions to make loans with maturities up to 20 years from the current limit of 15 years.
