ALEXANDRIA, Va.—With the NCUA now having finalized a rule on supervisory committee audits of credit unions, CUNA has released an analysis of the changes and what they mean to CUs.
ALLEN, Texas–Credit Union of Texas has relocated its headquarters to the Watters Creek development here, where it now has more than 51,000 square-feet in the One Bethany East office building.
DUBBO, NSW, Australia–Macquarie Credit Union is hosting a week-long DREAM Festival this week, including events it says are “easily affordable.”
BENTONVILLE, Ark.—Walmart and Capital One are teaming up to make shopping at the retail giant more "rewarding"—including a hefty 5% cash back.
COS COB, Conn. – Members Credit Union said it will use a recipient of a $120,000 Technical Assistant grant from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund to hire a bi-cultural loan officer to increase lending to its lower-income and underserved minority community.
NORWALK, Conn.–The Financial Accounting Standards Board (FASB) has agreed to delay the effective date its new current expected credit loss (CECL) standard until 2023, a move credit unions have been pushing for.
NEW YORK–September’s initially strong economic numbers have gone “up in smoke,” according to new analysis, driven by a big decline in U.S. manufacturing activity.
SPRINGFIELD, Va.–The leaders of three banking industry trade groups have published an op-ed in Military Times under the headline, “Why Banks Should be Treated the Same As Credit Unions on Base.”
WASHINGTON—After a two-week recess, the House and Senate are back in session this week.
MENLO PARK, Calif.–Facebook’s planned cryptocurrency initiative, Libra, is seeking an exodus of key partners. After PayPal became the first to announce it would not participate, among those that have now followed have been Stripe, Mastercard, Visa and eBay.