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WASHINGTON—CUNA has sent letters to NCUA and the CFPB) asking the agencies to implement policies that would allow credit unions to “better serve members.”

NEW YORK­–Some of the nation’s biggest banks are telling cardholders affected financially by the COVID-19 outbreak they may be able to help.

WESTBY, Wis.—Westby Co-op Credit Union has selected PSCU for credit card processing support and services. WCCU said it selected PSCU following a comprehensive review process. 

COQUILLE, Ore.—The $1.2-billion First Community CU here intends to purchase three branches from $28.8-billion Umpqua Bank.

WASHINGTON—The Financial Accounting Standards Board (FASB) met this week to discuss whether it would be appropriate to recognize an insurance recovery asset in conjunction with an insured expected credit loss under the amendments included in its current expected credit loss (CECL) standard. During the meeting, FASB staff indicated they were not currently working on any major substantive issues related to CECL.

DAYTON, Ohio– The Firefighters & Company Federal Credit Union is donating carbon monoxide detectors for the fifth year in a row.