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Credit Union News

NCUA Ramps Up Vendor Oversight

CU Times - Fri, 02/20/2015 - 10:48am
Board Chairman Debbie Matz says gaining authority over credit union vendors is the agency’s top legislative priority.
Categories: Credit Union News

Consumers Still Favor Refinancing

CU Times - Fri, 02/20/2015 - 10:32am
Ellie Mae reports slightly more than half of mortgage lender’s volume went to refinanced loans in January.
Categories: Credit Union News

CUNA welcomes NCUA's review of 'small entity' threshold

CUNA News Now - Fri, 02/20/2015 - 7:50am
CUNA welcomes the National Credit Union Administration's review of the definition of "small entity."2015-02-20T00:00:00-06:002015-02-20T13:50:21Z
Categories: Credit Union News

FASB credit losses plan likely to be detrimental to CUs, warns CUNA

CUNA News Now - Fri, 02/20/2015 - 7:50am
A Financial Accounting Standards Board proposal regarding credit losses is "likely to have a significant, detrimental impact on a number of credit unions and their members."2015-02-20T00:00:00-06:002015-02-20T13:50:21Z
Categories: Credit Union News

NCUSIF ended 2014 with equity ratio of 129%

CUNA News Now - Fri, 02/20/2015 - 7:50am
The National Credit Union Share Insurance Fund had an equity ratio of 1.29% at the end of 2014, according to National Credit Union Administration Chief Financial Officer Rendell Jones.2015-02-20T00:00:00-06:002015-02-20T13:50:21Z
Categories: Credit Union News

Community charter approved for LICU with well-documented service to underserved

CUNA News Now - Fri, 02/20/2015 - 7:50am
A documented legacy of serving the underserved and plans to extend that reach led the National Credit Union Administration to approve alteration of the community charter for Taunton FCU.2015-02-20T00:00:00-06:002015-02-20T13:50:21Z
Categories: Credit Union News

CU's 2nd bank acquisition helps CU serve more in 3 Ga counties

CUNA News Now - Fri, 02/20/2015 - 7:50am
Five Star CU has signed an agreement to purchase substantially all of the assets and assume deposits and other liabilities of Farmers State Bank, Lumpkin, Ga., the credit union's second planned acquisition of a bank in two years. The acquisition, which is subject to regulatory approvals and bank shareholder approval, will bring credit union services to three Georgia counties previously only served by Farmers State Bank.2015-02-20T00:00:00-06:002015-02-20T13:50:21Z
Categories: Credit Union News

MoneyTalksNews offers 9 reasons to join a CU

CUNA News Now - Fri, 02/20/2015 - 7:50am
The online personal finance site MoneyTalksNews offered consumers "9 Reasons to Love Credit Unions (And Not Big Banks)" in a recent article.2015-02-20T00:00:00-06:002015-02-20T13:50:21Z
Categories: Credit Union News

Car loans continue upward trend: Experian

CUNA News Now - Fri, 02/20/2015 - 7:50am
Total outstanding balances on car loans continued their upward climb in the fourth quarter of 2014, reaching an all-time high of $886 billion, according to Experian Automotive.2015-02-20T00:00:00-06:002015-02-20T13:50:21Z
Categories: Credit Union News

World Council provides relief amid severe flooding in Malawi

CUNA News Now - Fri, 02/20/2015 - 7:50am
The World Council of Credit Unions contributed $25,000 from its disaster relief fund to help rebuild Nsanje Community SACCO--one of the Malawi Union Savings and Credit Cooperatives.2015-02-20T00:00:00-06:002015-02-20T13:50:21Z
Categories: Credit Union News

Credit Unions Reject Maryland Housing Program

CU Times - Thu, 02/19/2015 - 11:00pm
The Maryland Department of Housing and Community Development can't give downpayment money away to credit unions.
Categories: Credit Union News

Lender Met Compliance Standards: ICUL

CU Times - Thu, 02/19/2015 - 11:00pm
Sean Hession, president/CEO of the Illinois Credit Union League, said the organization did not realize Continental Finance Co. LLC., a credit card issuer partner, was engaged in illegal practices that led to the issuance of a hefty CFPB fine.
Categories: Credit Union News

New York Proposes Zombie Property Bill

CU Times - Thu, 02/19/2015 - 11:00pm
New York Attorney General Eric Schneiderman said he will propose a bill that would regulate how the state's mortgage lenders treat property during the foreclosure process.
Categories: Credit Union News

Shelby Waffles on CU Tax Exemption

CU Times - Thu, 02/19/2015 - 11:00pm
Sen. Richard Shelby (R-Ala.), chairman of the Senate Banking, House and Urban Affairs Committee, declined to specify whether or not he supports keeping the credit union tax exemption in place as part of a tax reform package.
Categories: Credit Union News

America's Credit Union Museum Receives $1M CUNA Donation

CU Times - Thu, 02/19/2015 - 11:00pm
CUNA has pledged $1 million to become the lead sponsor of a $3.3 million legacy capital campaign to expand America's Credit Union Museum in Manchester, N.H.
Categories: Credit Union News

Tatum Creates Sales Culture Staffers Can Embrace

CU Times - Thu, 02/19/2015 - 11:00pm
Sale has never been a dirty word to John Tatum, vice president of strategic lending at Pegasus Community Credit Union in Dallas.
Categories: Credit Union News

Greater Nevada's Community Connection Pays Off

CU Times - Thu, 02/19/2015 - 9:57pm
CEO of the $516M credit union shares how innovative programs and community involvement rebuilt Carson City and cooperative.
Categories: Credit Union News

Iowa Credit Union Helps Nab Card Scammers

CU Times - Thu, 02/19/2015 - 6:14pm
California duo use accomplices and fake toll-free numbers in cash advance scheme.
Categories: Credit Union News

California Credit Unions Plan July Merger

CU Times - Thu, 02/19/2015 - 5:50pm
Consolidation of Altura CU and Visterra CU to create Golden State’s 37th billion dollar cooperative.
Categories: Credit Union News

Credit Unions Cash In on Improving Economy: Callahan

CU Times - Thu, 02/19/2015 - 5:12pm
The industry's fourth quarter 2014 financials reflect a booming U.S. economy, according to Callahan & Associates.
Categories: Credit Union News

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