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MADISON, Wis.–A WOCCU-backed project along the troubled border of Columbia and Peru is exceeding its objectives, according to the organization.

MADISON, Wis.— A project has been launched to design interoperable, open-loop, low-cost, real-time payment platforms for a network of credit unions across Asia by the Worldwide Foundation for Credit Unions, the social impact affiliate of the World Council of Credit Unions (WOCCU). 

NEW YORK–A new report from the United Nations suggests so-called “regulatory sandboxes” are “neither necessary nor sufficient to promote financial inclusion, and similar results can be achieved through innovation offices and other tools.”

WASHINGTON—The Federal Trade Commission moved to add two new defendants to an ongoing case against a California-based student debt relief operation shuttered pursuant to a court order obtained by the Commission in November 2018.

GLENDORA, Calif. –America’s Christian Credit Union has helped to raise funds for the victims of a deadly highway accident near Gainesville, Fla. that involved members of Louisiana District of the United Pentecostal Church.

TAMPA, Fla.–GTE Financial Credit Union said it has increased its starting wage to $16 an hour. According to the Florida Department of Economic Opportunity, the current minimum wage in the state rose from $8.25 to $8.46 per hour as of January 1. GTE Financial CU said it has been offering a $15 minimum wage for over four years. 

NORTH LIBERTY, Iowa–A credit union that is being forced to change its name by state lawmakers has settled on a new moniker. The $5.3-billion University of Iowa Community Credit Union said it plans to change its name to GreenState Credit Union.

HAUPPAUGE, N.Y.–GrooveCar announced that its credit union partners have seen a 44% increase in indirect auto loans, the highest loan growth within a 12-month period since the company’s inception in 1999.

WASHINGTON—Calling housing finance reform “the last piece of unfinished business from the financial crisis," NAFCU’s Dan Berger stressed the importance of maintaining credit unions' access to the secondary mortgage market in a letter to Federal Housing Finance Agency (FHFA) Acting Director Joseph Otting.

LITTLE FALLS, Minn.–The former CEO of a credit union that collapsed will be arraigned later this month on felony fraud charges.