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Taupa Lithuanian Felon Forfeits $1M Lotto Ticket

CU Times - Mon, 02/23/2015 - 11:32pm
John Struna, sentenced to three years, plays the lotto to repay the $2.3M he stole from Taupa Lithuanian CU and wins $1M.
Categories: Credit Union News

Former League Lobbyist Sheehy Dies: In Memoriam

CU Times - Mon, 02/23/2015 - 1:29pm
John P. Sheehy Jr., served as the top lobbyist for the Colorado league for 30 years.
Categories: Credit Union News

Keys FCU Improves in Conservatorship

CU Times - Mon, 02/23/2015 - 12:41pm
The $117M cooperative’s net income quadruples as loans reach the $4M mark.
Categories: Credit Union News

Lake Michigan Takes Mortgages to Florida

CU Times - Mon, 02/23/2015 - 10:24am
The $3.5B credit union sets up a loan office in the Sunshine State to accompany migrating members.
Categories: Credit Union News

CUSO Debuts Whistleblower Hotline

CU Times - Mon, 02/23/2015 - 9:58am
Mid-Atlantic Corporate’s Sollievo teams up with Fraud Hotline to launch anonymous service.
Categories: Credit Union News

Nussle on Bloomberg: CUs best suited to meet consumers' financial needs

CUNA News Now - Mon, 02/23/2015 - 4:16am
CUNA President/CEO Jim Nussle refuted point-by-point longstanding misunderstandings about credit unions in an appearance on "Bloomberg Surveillance" Friday.2015-02-23T00:00:00-06:002015-02-23T10:16:38Z
Categories: Credit Union News

NCUA webinar highlights fair lending examination procedures

CUNA News Now - Mon, 02/23/2015 - 4:16am
A webinar hosted by National Credit Union Administration staff Friday gave credit unions a look at how the agency conducts fair lending examinations.2015-02-23T00:00:00-06:002015-02-23T10:16:38Z
Categories: Credit Union News

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

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