Sunday, December 21, 2014
NCUA Sues Trustees of MBS Linked To Failed Corporate CUs
ALEXANDRIA, Va. — NCUA said it has filed suit in federal court against U.S. Bank N.A. and Bank of America N.A., alleging these institutions violated state and federal laws by failing to fulfill their duties as trustees for 99 residential mortgage-backed securities trusts.
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EDWARDSVILLE, Ill. — Scott CU returned $1.8 million to its members just in time for the holidays. more »
PEORIA, Ill. — Citizens Equity First Credit Union (CEFCU) said it will distribute a record $40 million extraordinary dividend to the credit union's members. more »
SACRAMENTO, Calif. — Members of Golden 1 CU will be getting an early holiday gift from their credit union, as the CU's $18 million "Member Giveback Distributions" hit savings accounts Wednesday. more »
ALEXANDRIA, Va. — Median loan growth rates were up by 3.5% for the year ending in the third quarter of 2014, according to new state-by-state analysis from NCUA. more »
WATERFORD, Conn. — Charter Oak FCU is awarding more than $393,000 in cash bonuses to members as part of its Gold Rewards program, hitting a new record for the CU's member-appreciation efforts and bringing total returns to more than $1.6 million. more »
OGDEN, Utah — Members at Goldenwest CU here earned a total of more than $1 million in bonus dividends paid out by the credit union for 2014. more »
WASHINGTON — NAFCU's board is meeting with senior officials of the Federal Reserve Thursday to discuss key credit union issues, as well as to present findings from trade's annual report on the movement. more »
Founders FCU here has awarded more than $5.7 million in loyalty dividends to its members, bringing the credit union’s total loyalty dividends to $45 million paid out since 1992. more »
NEW YORK — Grameen America, a nonprofit microfinance organization that specializes in providing small business loans to low-income women, may seek to adopt a credit union structure. more »
PLANO, Texas — Despite burgeoning loan growth and other signs of a healthy CU system, optimism by credit union CEOs declined slightly in the third quarter, according to Catalyst Corporate FCU's latest Credit Union CEO Confidence Survey. more »
The American consumer is buying again and credit unions are taking advantage by booking solid loan growth, according to the November Trends Report by CUNA Mutual Group. more »
WASHINGTON — Credit unions as a whole — yes, even small CUs — experienced significant success in the third quarter, according to analysis by Callahan & Associates that found increases in key areas including loans and membership. more »
CHICAGO — Despite much interest in ApplePay and other emerging opportunities, credit unions still see auto loans as the growth area heading into 2015, according to a recent TransUnion survey. more »
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Every step of the way...
This spot form Greater Nevada CU illustrates that the CU can help members along nearly every "step" of their lives.
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