Fed Hits Wells Fargo With Strong And Unusual Penalty 02/04/2018 04:49 pm WASHINGTON–Wells Fargo has been hit with a hard—and unusual—penalty by the Federal Reserve–it will not be permitted to grow until it cleans up its act.
Fed Reports Outstanding Consumer Credit At CUs Slowed In December Vs. November 02/11/2018 05:05 pm WASHINGTON—The Federal Reserve is reporting that outstanding consumer credit at credit unions grew during December; but at a slower pace than in November, according to the G.19 report.
MBC Jeans Fundraiser Leads to $10K Charity Donation 02/12/2018 10:00 am ANN ARBOR, Mich.–Michigan Business Connection (MBC) announced that as the result of its Charity Jeans Program a total of $10,661 was donated to 12 charities in 2017.
Wakota FCU Awards $500 to WINcentive Winner 02/12/2018 12:00 pm SOUTH ST. PAUL, Minn.–Wakota Federal Credit Union member Annick Claire N. won $500 in January from the December WINcentive Savings prize drawings.
Eagles' Super Bowl Victory Means Clam Chowder on Way to Pennsylvania CU Assn 02/04/2018 11:01 pm HARRISBURG, Penn.–The Super Bowl has made it official and entered it into the record books: the Cooperative Credit Union Association will be sending clam chowder to the Pennsylvania Credit Union Association.
Cornerstone Advisors Reports 90 New Clients, Other Initiatives 02/05/2018 10:28 am SCOTTSDALE, Ariz.–Cornerstone Advisors announced that during 2017 it added 90 new clients, 20 new team members, and launched numerous other initiatives in response to major industry trends.
Mastercard Sets Go Live Date for Biometrics for Card Payments 02/12/2018 01:00 pm PURCHASE, N.Y.—Mastercard is implementing biometrics for card payments, with plans to go live by April 2019.
Summit CU Launches Fifth Annual Project Teen Money 02/12/2018 04:17 pm MADISON, Wis.– Summit Credit Union has launched its fifth annual Project Teen Money program, a unique challenge created by the member-owned cooperative to help young adults be more financially empowered.
How CU Gained 65% Member Checking Penetration 02/12/2018 08:18 pm SOUTH BURLINGTON, Vt.—NorthCountry FCU has 65% of its members using one of its three checking accounts, and the CEO attributes the high penetration to a simple philosophy.
Reuter Named Executive Director of Worldwide Foundation for Credit Unions 02/05/2018 10:31 am MADISON, Wis. Mike Reuter has joined the Worldwide Foundation for Credit Unions (WF), the official gift-receiving and field engagement arm of the World Council, as the new Executive Director.
