Monday, September 1, 2014
BIRMINGHAM, Ala. — Will the risk-based capital rule increase the pace of credit-union-to-bank conversions? Only time — and the final rule — will tell. But most industry insiders and experts say it's unlikely that a significant number of credit unions will be rushing to make the switch.
NCUA issued three prohibition orders Friday, banning the following people from participating in the business of any federally insured financial institution:
Privately insured CUs will not pay a special premium assessment in 2014.
Jean Trainor is stepping down as CEO of Veridian Credit Union to play a more active role in her son’s life.
BROOMFIELD, Colo. — Members of Boulder Municipal Employees Federal Credit Union voted to approve a proposed merger with Community Financial Credit Union, here, to create a CU with more than 18,000 members and $200 million in assets.
WESTERVILLE, Ohio — Michael Wettrich has been named CEO of Education First Credit Union. Wettrich takes the role at the $87 million CU after serving as deputy superintendent for CUs within the Department of Financial Institutions in the Ohio Department of Commerce.
Credit union lending continues to be strong, with CUs showing their strongest loan numbers since 2005 during the second quarter of 2014.
NEW YORK — The Treasury Department's Community Development Financial Institutions Fund (CDFI Fund) has awarded Financial and Technical Assistance awards to 21 credit unions, worth more than $28 million.
From the "in case you missed it" files, here are several news stories from all around the nation.
Members of Minneapolis-based Endura Financial Federal Credit Union voted to approve a proposed merger into Connexus Credit Union effective Oct. 1, creating a CU with assets exceeding $990 million.
A year ago, bank executives were taking a hard look at credit cards — if they didn't offer one, they were seriously considering it; and if they already offered a card, they wanted to boost its profile. The moves have paid off with huge growth rates.
DH Corporation said $120 million Four Points Federal Credit Union, Omaha, Neb., has chosen the company's UltraData Enterprise Core solution.
Incoming NCUA Board Member J. Mark McWatters took the oath of office today and joined the NCUA Board as its 21st member.
Amid ongoing fraud investigations of Oshkosh Central Credit Union, the $28 million shop will merge with Community First CU Sept. 1.
From the "in case you missed it" files, here are several news stories from all around the nation.
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