Saturday, April 19, 2014
WASHINGTON—NAFCU and CUNA—once again—are 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.
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