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WASHINGTON—CUNA Wednesday stated its support for the letter from Reps. Frank Guinta (R-NH) and Ruben Hinojosa (D-TX) to NCUA requesting that the agency extend the exam cycle beyond one year for well-run credit unions.

WASHINGTON—With negative interest rates in place in several countries, the U.S. Federal reserve has also asked banks to consider what might happen if the same scenario emerged in the United States.

NAPERVILLE, Ill.– Financial Abatement Services Inc. (FASI), an affiliate and distributor of Lending Solutions, Inc., said that Oregon based Rivermark Community Credit Union has implemented ViClarity’s Process Management and ERM solution. 

LONDON, U.K.–The move by the Bank of Japan last week to cut the rate on current accounts that commercial banks hold with it to -0.1%–meaning it is essentially charging banks to keep money with it rather than paying interest–is no longer an anomaly, according to new analysis from global advisory firm Oxford Economics.

ALEXANDRIA, Va.—The Superintendent of the Ohio Division of Financial Institutions Thursday placed tiny Cory Methodist Church Credit Union, of Cleveland, into conservatorship and appointed the NCUA as conservator.

Not to sound like a sentimental card for your grandmother, but nothing beats a hug for making your members feel valued. 

WASHINGTON—Indications are the Federal Reserve may back away from its original plan for four rate hikes in 2016.

DES MOINES, Iowa––The card-issuing partners of payments processor TMG (The Members Group) grew their credit and debit portfolios by 15% on average in 2015, according to the company. In addition, overall spend on all credit and debit cards processed by TMG was up 32% year-over-year.

ALEXANDRIA, Va.—It is almost always the first question asked when long-term fraud is discovered inside a credit union: where were the regulators?

ARLINGTON, Va.—State-chartered credit unions are paying an outsized amount to fund NCUA as the result of budget shifts the agency has made related to the share deposit fund, according to the trade group representing state regulators.