Michigan’s CUs Paid $423M In Benefits To Members, Says MCUL 04/17/2019 07:53 pm LIVONIA, Mich.–Credit unions in this state returned $423-million in benefits to 5.4 million members during 2018, according to new analysis released by the Michigan Credit Union League.
Hoosier Hills Marking 50th Anniversary By Giving 50 People $50 04/17/2019 07:53 pm BEDFORD, Ind.– Hoosier Hills Credit Union is marking its 50th anniversary by surprising local residents with envelopes that include $50 in cash.
Chartway's We Promise Foundation Donates $200k To Toby's Dream 04/09/2019 12:32 pm VIRGINIA BEACH, Va.–- The We Promise Foundation, the charitable arm of Chartway Federal Credit Union, recently provided a charitable grant in the amount of $200,000 to Virginia Beach-based charity Toby’s Dream Foundation.
Fed Analysis Suggests Tax Reform Is Hurting Housing Market 04/17/2019 07:53 pm NEW YORK–A new analysis suggests President Trump’s tax reform plan is likely having a negative effect on the housing market.
Court Hears Arguments In Challenge To NCUA’s FOM Rules 04/17/2019 07:58 pm WASHINGTON—During oral arguments this week in the appeal of the lower-court decision in a lawsuit challenging the NCUA's field of membership rule, the U.S. Court of Appeals for the D.C. Circuit heard arguments related to the definitions of a local community and rural district.
Summit CU Opens Second 'Inspiration Branch' 04/09/2019 03:02 pm COTTAGE GROVE, Wis.—Summit Credit Union has opened its second “Inspiration branch.”
PenFed Continues Its Expansion in Texas 04/09/2019 07:48 pm FRISCO, Texas--PenFed Credit Union said it has purchased land here for a new mortgage servicing center. It expects to create approximately 30 new jobs.
CO-OP Announces $17.3-Million Patronage Dividend 04/17/2019 07:59 pm RANCHO CUCAMONGA, Calif. – CO-OP Financial Services announced it will pay a patronage dividend to its shareholders of $17.3 million for fiscal year 2018. The payout brings to $444.2 million the total patronage amount paid by CO-OP since becoming a cooperative in 1996.
WOCCU Asks Basel Committee for More (Guidance) on Less (Complexity) 04/09/2019 07:49 pm MADISON, Wis.—In follow-up to a meeting between the Basel Committee on Banking Supervision and representatives of the World Council of Credit Unions, WOCCU has written to the Committee seeking further guidance on “when less-complex regulatory approaches can be warranted for credit unions.”
CDFI’s Using MAP Initiative To Reinforce Their Role, Says CUNA’s Gose 04/09/2019 07:49 pm WASHINGTON–Credit unions are using CUNA’s Member Activation Program (MAP) for a new purpose, according to Richard Gose, the trade group’s chief political officer.
