CUES Announces First Winner Of The Stan Hollen Scholarship 03/16/2017 08:05 pm MADISON, Wis.—CUES has announced that Alexandra Teper, card services specialist at Carolina Foothills FCU in Greenville, S.C., has been named the recipient of the Stan Hollen Scholarship to attend Payments University.
What Led To The New High Mark? 03/14/2017 08:00 pm LAKE FOREST, Ill—Credit union annual overdraft revenue hit an all-time high of $6.2 billion last year, surpassing the movement’s previous high ($5.9 billion) in 2015 total by 5.1%, according to a new study.
TMGFS White Paper Examines Collateralized Advance Program 03/14/2017 08:02 pm DES MOINES, Iowa–A new white paper has been released by TMG Financial Services that examines the CUSO’s support for the Collateralized Advance Program as it turns 10.
CUNA Urges DoL To Put Some Labor Into Delaying Rule 03/16/2017 08:05 pm WASHINGTON–CUNA has sent a comment letter to the Department of Labor urging it to delay the applicability of the Fiduciary rule for at least 180 days.
Ten Years After Housing Crisis, Many HELCs Coming Due: What One Bank Has Found 03/14/2017 08:02 pm CHERRY HILL, N.J.–At the height of the housing boom a decade ago, many Americans took out home equity loans as the value of their houses continued to grow.
Online Lending Firm Seeking To License Lending Software To Banks, Credit Unions 03/14/2017 08:02 pm SAN CARLOS, Calif.–Upstart, a five-year-old online lending company that has built its model on quickly identifying people who are less likely to default on loans, has raised $32.5 million in fresh funding and believes it has a strong opportunity to license its technology to banks and credit unions.
CEO Dies While Shoveling Snow 03/16/2017 08:06 pm MONROE, Mich.–Mike Newman, CEO of Monroe County Community CU here, has died.
Mortgage Rates Rise, But So Do Mortgage Apps 03/16/2017 08:06 pm WASHINGTON–Even though interest rates are approaching their highest levels in three years, the volume of mortgage applications rose last week, according to the Mortgage Bankers Association’s Market Composite Index.
Bankers’ Priorities Will Look Familiar, Including Taxing Credit Unions 03/16/2017 08:07 pm SAN ANTONIO—The Independent Community Bankers of America has announced its top legislative and regulatory priorities for 2017, and while much of its wish list will sound familiar to credit unions, ending the credit union tax exemption once again appears on the list.
What Analysts Are Projecting In Wake of Fed Rate Increase 03/16/2017 08:07 pm WASHINGTON–In the wake of the move by the Federal Open Market to increase the federal funds target rate a quarter-point to a range of 0.75 to 1%, analysts are expecting more increases to come and said the decisions will only work to boost CU ROA.
