GAC Coverage: To Address CECL, CUs Should Use A Team, Says Panel 03/12/2019 09:17 pm WASHINGTON—Credit unions should assemble teams to address the Financial Accounting Standards Board’s (FASB) new Current Expected Credit Loss model (CECL), one group of experts emphasized.
GAC Coverage: Could Fed Charters Have Parity with State Charters on FOM? 03/12/2019 09:25 pm WASHINGTON—NCUA Board Member Rick Metsger believes there may be a chance to work with Congress to allow federal charters to take advantage of the field of membership rules in place for state charters in their respective states.
WOCCU Announces 4 'World-Renowned’ Speakers For World CU Conference 03/14/2019 08:09 pm MADISON, Wis. —The World Council of Credit Unions has announced “four world-renowned speakers” for its 2019 World Credit Union Conference, set for July 28-31 in The Bahamas.
GAC Coverage: Concept of ‘Coopetition’ Makes No Sense 03/12/2019 09:24 pm WASHINGTON—CUNA President Jim Nussle challenged the entire concept of “coopetition” among credit unions during remarks opening the trade association’s Governmental Affairs Conference.
More Than 100 Turn Out for 2019 CU Day at Minnesota Capitol 03/13/2019 10:30 am SAINT PAUL, Minn. – Over a 100 credit union staff and volunteers attended the 2019 Credit Union Day at the Capitol to help kick off the Minnesota Credit Union Network’s agenda for the legislative session.
Increased Usage of Contactless Cards Leading To Decline In Cash, Says Study 03/14/2019 08:09 pm LONDON–The increased use of contactless cards in the United States is likely to cause cash usage for everyday transactions to decrease, according to a new analysis.
Ex-COO Pleads Guilty To Embezzling More Than $465K 03/14/2019 08:09 pm MINEOLA, N.Y.–The former COO at Winthrop University Hospital Employees Federal Credit Union has pleaded guilty in federal court to embezzling more than $465,000 to fund what prosecutors had called an "extravagant lifestyle.”
Big Banks Closing Branches In Low-Income Areas, Analysis Finds 03/14/2019 08:09 pm NEW YORK—Big banks have been closing branches in lower-income areas and shifting more of their attention to wealthier ones, according to a new report.
PSCU Again Joining With CUNA Mutual To Sponsor Cherry Blossom Ten-Mile Run 03/14/2019 08:09 pm WASHINGTON–For the 12th consecutive year, PSCU will be underwriting the title sponsorship expenses for the Credit Union Cherry Blossom Ten Mile Run in Washington along with CUNA Mutual Group when the race takes place on April 7.
DoJ Announces Largest Sweep Of Elder Fraud Cases In History 03/14/2019 08:11 pm WASHINGTON—The U.S. Department of Justice (DOJ) has announced the largest coordinated sweep of elder fraud cases in history.
