Michigan’s CUs Report Strong Second Quarter; Membership Approaches 6 Million 10/06/2022 07:14 pm LANSING, Mich.–Despite a challenging second quarter economically, Michigan’s credit unions reported growth in membership across all the state’s regions, according to the Michigan CU League.
Committee Formed to Provide Guidance to FSOC on Climate-Related Financial Risks 10/06/2022 07:19 pm WASHINGTON–The Financial Stability Oversight Council (FSOC), of which NCUA is a member, has been newly charged with providing advice on climate-related financial risks to federal financial institution regulators.
CFPB Says Choice Money Transfer Will Now Be Transferring Money to Victims Fund Due to Violations 10/06/2022 07:14 pm WASHINGTON–The CFPB said it has taken action against Choice Money Transfer for “multiple violations” of the Remittance Transfer Rule and the Electronic Fund Transfer Act (EFTA).
As Digital, Traditional Financial Ecosystems Become More Interconnected, There are Reasons for Concerns, Says Fed Bank 10/06/2022 07:19 pm YORK—A new report is sharing concerns over the digital asset ecosystem becoming more interconnected with the traditional financial system. The report was released by the Federal Reserve Bank of New York.
Unregulated Crypto Could Pose Risk to U.S. Financial System, Treasury Warns 10/06/2022 07:19 pm WASHINGTON—Unregulated cryptocurrencies could pose a risk to the U.S. financial system, according to a warning from the Treasury Department.
Cybersecurity Resource Guide for Financial Institutions is Updated 10/06/2022 07:14 pm WASHINGTON—The Federal Financial Institutions Examination Council (FFIEC) has updated its Cybersecurity Resource Guide for Financial Institutions.
GTE Financial Named Among Healthiest Employers 10/06/2022 08:04 pm TAMPA, Fla.–GTE Financial has been named one of the Tampa Bay Business Journal (TBBJ)'s 2022 Healthiest Employers.
More Branches Reopen After Hurricane, But More CU Employees Also Ask for Assistance; Suncoast CU Donates $600K 10/10/2022 05:32 pm TALLAHASSEE, Fla.–The number of branch closures in Southwestern Florida due to Hurricane Ian continues to shrink, but more than 350 credit unions and CU employees had filed grant applications with the Southeastern Credit Union Foundation as of late last week.
Ukraine CUs Navigating Stress from Invasion in Part Due to Lessons from WOCCU CAP Project, Organization Says 10/10/2022 05:46 pm WASHINGTON–Ukraine’s credit unions have been able to navigate the stress and challenges brought on by the country’s war in Russia thanks in part to lessons learned as a result of the World Council’s Credit for Agriculture Producers (CAP) Project during the COVID-19 pandemic, according to WOCCU.
As Assets, Members Surge, Redwood CU Opens New Office Campus in Napa 10/10/2022 05:47 pm NAPA, Calif.– Redwood Credit Union is reporting it has opened its doors on a newly completed 8.5-acre campus in Napa.
