THE news

PARIS, Ill.—The Illinois Division of Financial Institutions has suspended the operations of Route 1 Credit Union here for 60 days. The state regulator appointed Decatur Earthmover Credit Union, Forsyth, Ill., as manager-trustee.

WASHINGTON — Responding to widespread damage caused by Hurricanes Harvey, Irma, and Maria, four federal financial institution regulatory agencies Tuesday took action to facilitate the recovery process by temporarily easing appraisal requirements for real estate-related financial transactions in areas declared to be a major disaster.

ALEXANDRIA, Va.—A recent audit report revealed the NCUA plans to implement a new Automated Cybersecurity Examination Tool (ACET) to determine the effectiveness of credit union cybersecurity programs.

SHREVEPORT, La.—NCUA Monday liquidated $86-million Shreveport FCU. The agency said Red River Employees FCU of Texarkana, Texas, immediately assumed SFCU’s membership and most shares, loans, and other assets.