NAFCU Expresses Support For ‘Underserved Act’ 06/27/2016 01:12 am ARLINGTON, Va.—NAFCU Thursday sent a letter to NCUA expressing its support for the recently introduced Financial Services for the Underserved Act of 2016 (HR 5541).
Simplicity CU Unveils New Facilities To Go With New Name 06/27/2016 12:46 am MARSHFIELD, Wis.–Simplicity Credit Union, which recently changed its name from Central City Credit Union, held a ribbon cutting ceremony at its newly remodeled branch featuring its new brand.
Digital Currency Allegedly Hit With $55M Theft 06/27/2016 12:53 am NEW YORK–Approximately $55-million worth of digital currency “ethereum” has allegedly been stolen from an experimental investment fund, according to a number of news reports.
Alleged Robber Shot And Killed By Police 06/13/2016 08:29 pm GRAND RAPIDS, Mich.—A adult male who allegedly robbed a branch of ATL Federal Credit Union here was shot and killed by local police.
After Hitting New Card High, Consumers Cut Back (A Bit) 06/13/2016 08:30 pm WASHINGTON—Consumers cut back on their card spending in April after marking a 15-year spending high in March, according to new Federal Reserve data.
What's Opened The Door To CU Expansion? 06/13/2016 08:32 pm CINCINNATI—Expect more credit unions in the second half of the year to move forward with expansion plans now that NCUA has eliminated the 5% rule on fixed assets, predicts DEI.
Democracy FCU Receives America Saves' Excellence Designation 06/14/2016 10:39 pm WASHINGTON--Democracy Federal Credit Union has received the America Saves Designation of Savings Excellence for Credit Unions, which acknowledges credit unions that reach new heights to encourage people to save money during America Saves Week.
Federation, Equifax Partner To Build Westside Financial Capability Center 06/14/2016 10:36 pm NEW YORK–The National Federation of Community Development Credit Unions and Equifax Inc. have announced a partnership to build the Westside Financial Capability Center.
Some Plays In CFPB’s ‘Payback Playbook’ Will Limit CUs, Says NAFCU; Group Also Urges Repeal of Durbin 06/12/2016 05:52 pm ARLINGTON, Va.—NAFCU Friday sent a letter to the CFPB noting concerns it has that the Bureau’s recently released student loan “Payback Playbook” may limit credit unions’ ability to provide students with credit.
Bill Would Require NCUA To Move To 18-Month Exam Cycle 06/12/2016 05:53 pm WASHINGTON—NCUA would be required to establish an exam cycle of at least 18 months for well-run credit unions having assets of $1 billion or less under legislation introduced by Rep. Frank Guinta (R-NH), NAFCU reported.
