Monday, April 21, 2014
NAFCU's Lobbying Obama On Fed Seat A First; CU Leaders Voice Support
ARLINGTON, Va. — NAFCU's decision to lobby President Obama to consider a credit union representative for a seat on the Federal Reserve Board of Governors appears to be the first time the trade group has lobbied the White House on a Fed appointment.
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Walmart's new "Walmart-2-Walmart" transfer service will enable consumers to send money to each other by using the retail chain's store network. more »
ARLINGTON, Va. — The National Association of Federal Credit Unions is lobbying President Obama to consider a credit union representative for a seat on the Federal Reserve Board of Governors. more »
RANCHO CUCAMONGA, Calif. — CO-OP Financial Services announced today that it delivered a shareholder dividend of $30.5 million for fiscal year 2013, a 17% increase from the previous year. more »
BETHALTO, Ill. — Laclede Community Credit Union and 1st MidAmerica CU have agreed to merge. more »
KENTWOOD, Mich. — An armed man dressed as a woman robbed Community West Credit Union last week and then led police on a high-speed chase that ended up with the suspect crashing his motorcycle. more »
WASHINGTON — A fake Internet-based credit union is at the center of a Ponzi-type scheme that has cost investors millions, according to a complaint filed by the Securities and Exchange Commission. more »
CHARLOTTE, N.C.—A trio of employees at State Employees CU here say they are flouting convention with their on-the-job loyalty. more »
ALEXANDRIA, Va. — NCUA's Central Liquidity Facility showed positive performance trends during the first quarter of 2014, with stock dividend rates increasing to 0.25%, the regulator announced Friday. more »
WASHINGTON — A bill introduced by Republican Sen. Dan Coats could reduce some of the regulatory burden on the backs of financial institutions below $10 billion in assets. more »
How are CUSOs helping credit unions and their members? more »
Two of the largest credit union service organizations, both based in California, report that business is good, despite numerous financial and regulatory challenges. more »
SAN DIEGO — A new credit union service organization is helping credit unions collect on charged-off accounts and return "prior prime" members to their former CUs. more »
NEWPORT BEACH, Calif. — Credit unions frequently cite compliance as one of their biggest burdens. And now, so are credit union service organizations. more »
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