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House Fin Services to hold monetary policy, FHA hearings this week

CUNA News Now - Mon, 02/23/2015 - 4:16am
The House Financial Services Committee Friday announced two hearings for this week: one to receive the semiannual report on monetary policy and the state of the economy from the Federal Reserve chair, the other to examine the financial health of the Federal Housing Administration.2015-02-23T00:00:00-06:002015-02-23T10:16:38Z
Categories: Credit Union News

Small biz lending resource center launched by NCUA

CUNA News Now - Mon, 02/23/2015 - 4:16am
A new Web page launched Friday by the National Credit Union Administration contains information about member business lending.2015-02-23T00:00:00-06:002015-02-23T10:16:38Z
Categories: Credit Union News

Mich league helps consumers reinvent retirement

CUNA News Now - Mon, 02/23/2015 - 4:16am
Only about half of Americans are saving for retirement through a work retirement plan, according to the U.S. Bureau of Labor Statistics. To help give Michigan residents the tools they need to better prepare for their golden years, Michigan credit unions, led by the Michigan Credit Union League, are doing their part to give people the tools to help them plan.2015-02-23T00:00:00-06:002015-02-23T10:16:38Z
Categories: Credit Union News

Ditch banks, turn to CUs to stretch finances: CSU columnist

CUNA News Now - Mon, 02/23/2015 - 4:16am
A recent column in a Colorado State University newspaper offered some sound financial advice to college students: Lose the bank, and head on over to a local credit union.2015-02-23T00:00:00-06:002015-02-23T10:16:38Z
Categories: Credit Union News

Drinking, Drama and Dangerous Liaisons

CU Times - Sun, 02/22/2015 - 4:29am
Employers must set appropriate parameters and be clear about employee expectations while representing the organization.
Categories: Credit Union News

Physical Branches Have Staying Power, FDIC Study Says

CU Journal - Fri, 02/20/2015 - 4:02pm
Online banking, ATMs and other advances have limited face-to-face transactions, but new Federal Deposit Insurance Corp. research says the brick-and-mortar office isn't going anywhere just yet.
Categories: Credit Union News

Five Star CU Plans Second Bank Purchase

CU Times - Fri, 02/20/2015 - 2:45pm
The $317M Alabama-based bank agrees to buy the $47M Farmers State Bank in Georgia.
Categories: 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

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