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Tuesday, January 27, 2015
NCUA Names Deputy Chief Financial Officer
ALEXANDRIA, Va. — NCUA announced that Peggy Sherry has been named as the agency's deputy chief financial officer, effective today.
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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 »
RALEIGH, N.C. — State Employees' Credit Union (SECU), a $29-billion institution based in Raleigh, N.C., announced that President Barack Obama praised SECU for providing its consumer loan members with free access to their FICO credit scores. more »
ALEXANDRIA, Va. — The NCUA Board Thusday approved a payment of up to $50,000 to cover costs associated with the October 2014 data breach at Palm Springs FCU, which was caused when an NCUA examiner lost a thumb drive containing sensitive member information. more »
In the wake of the incident at Morgan Stanley, where a former employee allegedly stole client data, experts suggest credit unions must revisit everything from how they screen potential candidates for hire to the policies in place when an employee is terminated. more »
A collection of the very latest credit union news. more »
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