Staff of CU Recovery All Contribute to Community 12/10/2015 01:58 pm WYOMING, Minn.- The staff of CU Recovery, as part of a company culture that supports community involvement from top management down, reported it has provided financial support and volunteerism to the community.
OCC To Banks: ‘Flashing Yellow Lights’ On Risk 12/17/2015 08:22 pm WASHINGTON–The Office of the Comptroller of the Currency (OCC) is expressing concern that careless underwriting standards at banks is causing rising credit risk in bank lending portfolios, which it said could mean problems over the long term at those institutions.
Former VP Charged With Two-Decade Long Embezzlement 12/17/2015 08:37 pm HOUSTON–The former VP of Houston Police FCU here has been charged with an embezzlement that has lasted for two decades, authorities are alleging.
Members Getting Back 75% Of Loan Interest Paid As Part of DCECU’s $14M Payout 12/17/2015 08:48 pm MIDLAND, Mich.–Dow Chemical Employees’ Credit Union announced it will pay out approximately $14 million as part of its “Member Giveback Rebates and Rewards for 2015.” It is the largest payout in the credit union’s history.
Scammers Calling Consumers Claiming To Be NCUA And Asking For Personal Info 12/18/2015 08:40 am ALEXANDRIA, Va.– NCUA has issued a warning about a telephone scam in which consumers are contacted by a caller claiming to work for NCUA and asking for personal and financial information.
NCUA Reaches $225 Million Settlement with Morgan Stanley 12/10/2015 02:54 pm ALEXANDRIA, Va.– NCUA has announced a settlement with Morgan Stanley for $225 million to resolve claims arising from losses related to corporate credit unions’ purchases of faulty residential mortgage-backed securities.
Monterey CU Withdraws App To Convert To Bank 12/18/2015 08:44 am MONTEREY, Calif.–An application by Monterey Credit Union to become a bank has been withdrawn.
CoastHills Community Foundation Supports Foster Care 12/10/2015 03:06 pm SANTA MARIA, Calif.— The CoastHills Community Foundation has been a longtime supporter of Lydia Magdaleno’s and the Orcutt Lions’ efforts to help foster care.
