About 100 Irish CUs Remain Subject to Lending Restrictions 02/11/2016 10:13 pm DUBLIN, Ireland–More than 100 Irish credit unions remain subject to lending restrictions due to high delinquencies, but that number is down from nearly 200 at the peak of problems.
NavyArmy Community CU Selects PSCU To Restart Card Program 02/11/2016 10:21 pm ST. PETERSBURG, Fla.—PSCU announced that NavyArmy Community Credit Union, Corpus Christi, Texas, has joined the CUSO to restart its credit card programs.
Clinton Talks Credit Unions Vs. Banks During Campaign Visit 02/07/2016 05:46 pm MANCHESTER, N.H.–While campaigning door to door here, Democratic presidential candidate Hillary Clinton found herself engaged in a discussion of the differences between credit unions and banks with one local resident.
CUNA Wants NCUA To Provide ‘Assurances’ On CECL 02/07/2016 05:47 pm WASHINGTON–CUNA has sent a letter to NCUA urging it to work with credit unions as they try to comply with the Financial Accounting Standards Board’s (FASB) pending proposal that will require CUs to utilize a current expected credit loss (CECL) model on all financial assets and financial liabilities. The trade group repeated its position that it does not believe the new model is “appropriate” for credit unions.
Former CEO Charged With Embezzling $250K 02/07/2016 05:47 pm YORK, Penn.–The former CEO of HD York Credit Union has been charged with embezzling more than $252,000 from the credit union, according to the U.S. Attorney’s Office here.
Super Bowl Advertising Was Indicator Of Competition In Financial Services 02/07/2016 05:52 pm SANTA CLARA, Calif.–Financial services firms were among the big advertisers during yesterday’s Super Bowl. At least six different financial services companies aired TV spots aimed at the game’s estimated 100 million viewers, even with ads costing $5 million for 30 seconds of airtime.
In Super Bowl, It's Mountain West CU Assn. 24, Carolinas CU League 10 02/07/2016 10:56 pm DENVER—The Denver Broncos 24-10 victory over the Carolina Panthers in the Super Bowl means the Mountain West Credit Union Association here will be collecting on a wager the two associations made over the game.
NAFCU Supports FOM Proposal, But Pushes For More Relief 02/07/2016 05:49 pm ARLINGTON, Va.—In a comment letter to NCUA on its proposed field-of-membership rule, NAFCU again stated its support for the proposal—and again asked for greater change from the agency.
Bank Group Urges Members To Help ‘Stop The CU Grab’ 02/07/2016 05:49 pm WASHINGTON—Under a website banner headlined, “Stop The CU Grab,” the Independent Community Bankers Association (ICBA) has been urging its members to file comment letters with NCUA on its proposed changes to FOM rules.
