Wednesday, January 28, 2015
CUNA Readies Needs Segmentation Study
MADISON, Wis. — As part of its restructuring efforts with state leagues, CUNA plans to survey credit union CEOs as early as next week.
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Alexandria, Va. — Pentagon Federal Credit Union (PenFed), the $18.6-billion institution based in Alexandria, Va. has introduced a new financial product for its membership: the "Access America" checking account. more »
RALEIGH, N.C. — Coastal Federal Credit Union said it has paid out in excess of $2.1 million in special dividends, earned by members through its VIP Program, making it the largest such payout in the four-year history of the program. more »
Homeowners associations seeking unpaid dues are seizing on a court decision allowing them to foreclose on properties ahead of banks. FHFA is litigating to defend Fannie and Freddie mortgages in a way that some say is controversial. Private lenders, meanwhile, are still trying to figure out how to deal with the problem before it spreads to more states. more »
ALEXANDRIA, Va. — NCUA announced that Peggy Sherry has been named as the agency's deputy chief financial officer, effective today. more »
DEPTFORD, N.J. — Benjamin Griffith, who has been president and CEO of South Jersey Federal Credit Union for 40 years, will retire in April. more »
Since the economic near-collapse of 2007-2008 that triggered a bloodbath of lost jobs, foreclosures and business failures, credit unions have increasingly entered the field of financial counseling to help members better manage their money — and help stave off delinquencies and charge-offs in the process. more »
Madison, Wis. — Credit unions and CU organizations are invited to apply for a Biz Kid$ Financial Education Grant from the National Credit Union Foundation, now through March 31. more »
WASHINGTON — President Obama vowed to veto any future "unraveling" of the Dodd-Frank Act during his State of the Union address Tuesday night, further uniting Democrats against major changes to the law under the GOP-led Congress. more »
SEATTLE and MARLBOROUGH, Mass. — Tuesday was a day of dueling press releases, as the trade associations representing the home states of the two participants in Super Bowl XLIX challenged each other to a tasty wager. more »
Bethpage Federal Credit Union announced that it has appointed Wayne Grossé as its president and chief executive officer. more »
The Minnesota Credit Union Foundation has established a new Financial & Audit Professionals Grant Fund. more »
Michigan State University FCU is participating in a program developed by Michigan State University to assist migrant students going through financial hardship as they pursue higher education. more »
NEW YORK — The National Federation of Community Development Credit Unions said it has introduced a new technical assistance program for credit unions that will feature a free TA hotline for Federation members, and has also established fee-based consulting services, which will be discounted for Federation members. more »
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