WASHINGTONNAFCU and CUNAonce againare asking NCUA to extend the comment period on the proposed risk-based capital rule another 90 days.
DOTHAN, Ala.The FDIC and OCC have approved the proposed sale of Flint River National Bank to the $260 million Five Star CU here.
ALEXANDRIA, Va. After months of negative comment letters from credit union trade groups, NCUA is expected to impose a final rule on capital planning and stress testing at its board meeting April 24. In October, NCUA proposed to require all federally insured credit unions with assets of more than $10 billion to develop and maintain capital plans, and undergo annual stress tests.
Another small credit union says it is looking to merge due to increased regulatory burdens, as $26.8 million Santa Cruz County Employees CU, Santa Cruz, Calif., has entered into a merger agreement with $704 million Bay FCU.
During NACUSO's annual meeting last week peaceful acceptance of a component of NCUA's risk-based capital proposal did not rule the day, with many openly confused over how the risk-weighting of CUSOs will work.
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.
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.
The full capabilities of a core-processing platform are often underutilized until a CU is ready to fire on all cylinders.
WASHINGTON Demand for loans by consumers and businesses grew in the first quarter, according to a Federal Reserve report released Wednesday.
DES MOINES, Iowa Momentum is building for debit EMV as the SHAZAM Network and Visa Inc. announced an agreement Wednesday to enable issuers to use Visa's common debit application identifier (AID) for Visa- and SHAZAM-branded cards and transactions.
HAMPSHIRE, U.K. Payments via mobile devices are expected to reach $507 billion globally this year a 40% increases year over year, according to a recent study from Juniper research.
ORLANDO CUSO leaders were given an update on NCUA's relatively new oversight of their operations by a trio of agency reps at the NACUSO annual meeting here.
RANCHO CUCAMONGA, Calif. CO-OP Financial Services has entered into an agreement with Visa to make the Visa EMV common debit solution available to its credit union clients.
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.
The automated teller machine a technology that dates to the 1960s is taking on new relevance in the age of digital banking.