SEATTLE—One of the first credit unions in this state to offer financial services to the marijuana industry has undergone its initial examination since the move, and said regulators and the credit union itself have learned some lessons.
CLARKSVILLE, Tenn.--Forget the banking industry. Dismiss IRR. Don’t even think about the compliance burden. No, the biggest threat to America’s credit unions in 2014 is clear—it’s America’s drivers.
BOSTON—A new report indicates that instant card issuance in branches will go mainstream by 2018, and that many FIs will begin ramping up for the service next year.
SACRAMENTO, Calif.—Those robust numbers credit union shave been reporting are paying off in the form of early Christmas presents, as some CUs have begun paying out year-end bonuses.
MIAMI GARDENS, Fla.—North Dade Community Development FCU appears to be following the cease and desist order issued by NCUA to stop, or suspend, the activities that led to a $300,000 fine by FinCEN.
ST. PETERSBURG, Fla.—The Consumer Financial Protection Bureau’s proposed rules for prepaid will likely put a stop to tying the cards to overdrafts, and are only the bureau’s first volley against overdrafts, according to several analysts.
MADISON, Wis.—That larger credit unions have been getting larger and growing faster than smaller credit unions, some of which have even reported member and asset declines, is no secret.
WASHINGTON—A new study shows that credit unions are beating banks by a healthy margin on new car lending rates.
MIAMI GARDENS, Fla.—A $4-million CU here that did more than $1 billion in outgoing wires in 2013 and which has been hit with a $300,000 fine is declining to comment on the matter.
GOSHEN, Ind.—Traditionally limited to the day after Thanksgiving, Interra Credit Union here is one of many credit unions nationally that are running Black Friday promotions beginning today, with some running for a week