Michigan Regulator Closes VHACU 03/29/2016 08:22 pm ALEXANDRIA, Va.—The State of Michigan Department of Insurance and Financial Services Tuesday liquidated the $2-million Veterans Health Administration Credit Union of Detroit and named the National Credit Union Administration as liquidating agent, NCUA reported.
NCUF Urging Sharing Of Photos On Financial Fitness Day 03/29/2016 08:24 pm MADISON, Wis.–Credit union organizations holding a “Financial Fitness Day” fundraiser on April 6, 2016, are being encouraged by the National Credit Union Foundation to share photos of their participation on Twitter using the hashtag #FinancialFitnessDay.
Fiserv PopMoney To Accept Donations For CARE 03/29/2016 08:25 pm BROOKFIELD, Wis. – Fiserv announced that international humanitarian organization, CARE, will soon accept donations via the Popmoney personal payment service.
Three Oregon CUs To Roll Out New Save To Win Accounts 03/29/2016 08:38 pm TIGARD, Ore.–Three Oregon credit unions have signed on to become the first to offer “Save to Win” accounts in this state, which offer consumers the opportunity to build their savings nest eggs while also making them eligible for cash prize drawings.
Marketers Have New Tools—But An Old Challenge Remains 04/10/2016 06:26 pm NEW YORK—Marketers may have a host of new tools and media available to them, but their number-one challenge remains something as old as the field itself: knowing consumer’ needs, wants and attitudes.
Despite Durbin, Debit Card Reward Programs Remain Vibrant 03/29/2016 08:30 pm SHREWSBURY, Mass.—Debit card reward programs, once considered a dying breed as the Durbin rules took hold, are still going strong at many of the nation's largest financial institutions, a new study shows.
How Do CUs Help Members Have A Better Tomorrow? Here’s How 04/14/2016 08:43 pm CHICAGO–Credit unions have a story to tell. Indeed, 100 million-plus stories to tell. But they are seldom collected—until now.
Former CU Manager Gets Prison Term 04/10/2016 06:27 pm WINCHESTER, Va.—Donna Jennings, the former manager at the now defunct Winchester Community FCU, has been sentenced to 54 months in prison for embezzling over $1 million from the credit union.
CFPB III: CUNA Again Questions Why No Exemption for CUs? 04/10/2016 06:39 pm WASHINGTON—CUNA continues to express disappointment in the Consumer Financial Protection Bureau’s hesitation to use its exemption authority, and outlined in a letter a number of ways it says that decision is hurting consumers.
CFPB II: CU Payday Loan Alternative Called ‘Good Product’ 04/10/2016 06:28 pm WASHINGTON—The CFPB views credit unions’ payday alternative loans as a “good product” and wants to make room for those loans in its payday lending rulemaking, Bureau Director Richard Cordray told the Senate Banking Committee Thursday as he delivered his semiannual report to the panel.
