Fresh Today

ATLANTA—Sheilah Montgomery has announced that she will retire as president of Credit Union of Atlanta after three years in the position and almost 40 overall in credit unions.

SALT LAKE CITY—To make consumers aware that credit unions play a large role in the community and a big part in members’ everyday lives, the Utah Credit Union Association has introduced “#Life Happens.”

ARLINGTON, Va.—Lucy Ito, the new president and CEO of the National Association of State Credit Union Supervisors (NASCUS), sees the state charter system as an underappreciated asset in credit unions, and is out to change that.

PURCHASE, N.Y.—Apple Pay isn’t of much value if a consumer doesn’t know where to use it. Now MasterCard has unveiled a new app that seeks to address that issue.

ARLINGTON, Va.—With NCUA intending to remove interest-rate risk from its proposed risk-based capital rule (http://www.cutoday.info/Fresh-Today/Agency-Seriously-Considering-Breaking-IRR-Piece-From-RBC-Proposal) NAFCU is pressing the agency to focus on more improvements.

RALEIGH, N.C.—With rising deposit rates somewhere on the horizon, State Employees’ CU here commissioned KPMG to assess the strength and stability of its deposit funding structure.

SANTA ROSA, Calif.—Redwood Credit Union has begun installation of a 2,036-panel rooftop solar array at its administrative offices here that is projected to provide 60% of the facility’s annual power requirements when completed in early 2015.

MADISON, Wis.—A new study seeks to find some answers to what is being called a “complicated relationship” between payday lenders and traditional institutions, such as credit unions, and suggests there are growth opportunities for CUs willing to make certain investments.