Merger Will Create Jamaica’s Largest Credit Union 09/05/2018 07:46 pm KINGSTON, Jamaica–Community and Workers of Jamaica (C&WJ) Co-operative Credit Union is about to become the largest credit union in this country by assets following its merger with the St Elizabeth Co-operative Credit Union (STECCU).
CUNA Expresses Support for FASB Change on CECL 09/17/2018 07:41 pm WASHINGTON–CUNA has sent a letter to the Financial Accounting Standards Board (FASB) expressing support for a proposed change to the current expected credit loss (CECL) accounting standard.
U.S. Bank Becomes First To Intro Small-Dollar Loan Program Following New Guidance 09/17/2018 07:42 pm MINNEAPOLIS, Minn.—U.S. Bank has become the first to announce a new small-dollar loan product for its checking account customers following new guidance put forth by the Office of the Comptroller of Currency encouraging banks to offer more short-term, small-dollar loans.
California Bill Requires Boards Of Public Businesses To Have At Least One Woman 09/05/2018 07:46 pm SACRAMENTO, Calif.–While it wouldn’t be applicable to credit unions, new legislation in California might one day lead to mandatory changes in credit union boards.
Southland Credit Union Partners With University’s Athletic Program 09/05/2018 07:47 pm LONG BEACH, Calif.–Southland Credit Union said it has entered into a multi-year partnership with the athletic department at Long Beach State University. The deal makes Southland the Official Credit Union of Long Beach State Athletics and will run through 2022.
CU Wins Grant From Bank; Funds To Help Revamp Website 09/05/2018 07:47 pm PENRITH, England–Eden & South Lakeland Credit Union (ESLCU) has been awarded a £5,000 grant from Unity Bank to revamp its website to attract new members and provide a better user experience.
Long-Time CEO At Lone Star CU To Retire; Successor Named 09/17/2018 07:42 pm DALLAS–Jerry Clancy, who has been with Lone Star Credit Union for 50 years, announced he will retire as CEO effective Sept. 30. The credit union has named Becky Reed as the new chief executive officer, effective Oct. 1.
House Approves FinCEN Improvement Act 09/17/2018 07:42 pm WASHINGTON—The House of Representatives has approved, on a voice vote, the “FinCEN Improvement Act of 2018” (HR 6411), sponsored by Rep. Ed Perlmutter (D-CO).
Police Searching For CU Employee Who Allegedly Used Counterfeit Cash To Cover Embezzlement 09/17/2018 07:42 pm DANVILLE, Va.–Police here say they are searching for an employee of a credit union who allegedly embezzled “large amounts of U.S. currency.”
New White Paper Released On ATM Attacks 09/05/2018 07:47 pm WASHINGTON—A new white paper on ATM attacks has been released by the Financial Services Information Sharing and Analysis Center (FS-ISAC).
