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MADISON, Wis. – In advance of International Credit Union (ICU) Day, the National Credit Union Foundation (the Foundation) plans to host a Twitter chat for credit unions on Thursday, Oct. 13 at 3 p.m. (CT). The Foundation said it is inviting credit unions to discuss ICU Day and their everyday efforts involving the nine credit union operating principles.

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services is reminding credit unions it is supporting Shop for Miracles, the Credit Unions for Kids fundraiser and member awareness campaign benefiting Children’s Miracle Network Hospitals, by matching credit union industry donations up to $500,000.

BIRMINGHAM, Ala.–Jonathan Dunning, the former CEO of Birmingham Financial FCU and several other organizations who was earlier found guilty of 98 counts of conspiracy, wire fraud, bank fraud and money laundering, could face up to 27 years in prison.

IRVINE, Calif.—Foreclosure inventory declined by 29.6% and completed foreclosures declined by 42.4% compared with August 2015, according to the August 2016 National Foreclosure Report from CoreLogic.

CHICAGO—Credit unions in New York City that make taxi medallion loans have for several years been plagued by profitability issues related to sagging taxi medallion prices. Will Windy City CUs that make those loans now also face similar issues?

WASHINGTON—Concerned that the CFPB’s payday lending proposal will hinder the ability of state chartered credit unions to administer innovative short-dollar loan programs, NASCUS is urging the CFPB to provide compliance exemptions for states that have in place “comparable regulation” to avoid increasing the regulatory burden on an “already heavily regulated class of entities.”