Report Reveals How Most CUs Make Decisions Around Small Biz Loans 09/25/2018 07:50 pm ARLINGTON, Va.—A majority of credit unions said their decision-making and documentation processes for small business lending transactions are "marginally manual," while only 9% have adopted highly automated systems, a new report indicates.
Justice FCU Selects New President/CEO 09/18/2018 07:50 pm CHANTILLY, Va.—Justice FCU has selected a new president and CEO. The $794-million Justice Federal has named Mark L. Robnett to lead the organization, after having served as interim CEO since May.
California CU, Alaska CU Get Approval To Pursue New Vision 09/25/2018 07:50 pm HUNTINGTON BEACH, Calif.–Nuvision Credit Union here and Denali FCU in Anchorage, Alaska, are reporting member and regulatory approval for a merger they say will become effective Oct. 1.
SECU Donates $1 Million To Assist Florence Victims 09/18/2018 07:52 pm RALEIGH, N.C.–In the wake of damage and flooding from Hurricane/Tropical Storm Florence, State Employees’ Credit Union’s SECU Foundation announced a grant of $1 million to the Feeding the Carolinas program to assist victims in the counties directly affected by the storm.
15 Texas Credit Unions Add New Solutions From PSCU 09/25/2018 07:50 pm ST. PETERSBURG, Fla.—PSCU said it has added 15 new owner credit unions in Texas for a variety of services, ranging from full-service credit and debit processing to Total Member Care contact center support.
Catalyst’s Garner To Retire, Fox Named Successor 09/18/2018 07:54 pm PLANO, Texas–Kathy Garner, CEO of Catalyst Corporate Credit Union, has announced plans to retire in March 2019, with the $2.6-billion corporate naming Bruce Fox as Garner’s successor.
Payday Lender Trade Groups File Motion To Stop Bureau’s Payday Loan Rule 09/18/2018 07:54 pm WASHINGTON–Two trade groups representing payday lenders have filed a motion for preliminary injunction to enjoin the Bureau of Consumer Financial Protection from enforcing its payday lending rule.
Why Didn’t Members Notice Theft? Asks Judge as He Sets Sentence 09/25/2018 07:50 pm DECATUR, Ill. — As a judge here questioned how members wouldn’t notice money being removed from their accounts for months at a time, he also sentenced a former CU teller who pleaded guilty to theft to six months in prison and ordered her to pay full restitution.
Math Lesson: Data Show How Fast Student Loans Growing At CUs 09/18/2018 07:54 pm NEW YORK—Private student loans are the fastest growing loan category among credit unions, according to a new report.
BCFP Reps To Be Part Of NAFCU Webinar On Friday 09/25/2018 07:51 pm ARLINGTON, Va.—Representatives from the Bureau of Consumer Financial Protection will join NAFCU Friday for a free webinar that will provide an update on Home Mortgage Disclosure Act (HMDA) implementation.
