ALEXANDRIA, Va.—In a brief meeting Thursday, the NCUA board unanimously approved a proposed rule to clarify and provide additional flexibility in the agency’s regulation covering required credit union supervisory committee audits.
ITTA BENA, Miss.–In remarks at an event sponsored by an affiliate of a local credit union, Federal Reserve Chairman Jerome Powell said the U.S. economy looks strong, but it is also seeking ways to fight poverty in those “pockets” where it exists, such as the rural communities in Mississippi.
GRAY, Tenn.–One week after the death of its CEO, 11 employees of Appalachian Community FCU here were laid off as part of a “restructuring.”
NEW YORK–Inclusiv, which was formerly known as the National Federation of Community Development Credit Unions, and the African-American Credit Union Coalition (AACUC) have joined forces to celebrate African American credit unions in a social media campaign that illustrates the impact of credit unions on their members and communities. February is Black History month.
NEW YORK–Many auto dealers have started 2018 with heavy inventories of unsold vehicles on their lots, with analysts suggesting the situation could put pressure on manufacturers to cut factory output as U.S. auto sales cool, according to a new report.
RANCHO CUCAMONGA, Calif. – CO-OP Financial Services announced its COOPER Fraud Analyzer is now part of CO-OP Shared Branch services to participating credit unions, with all network transactions flowing through the interface of this account-based risk management solution.
CHICAGO–Credit unions across the country have now surpassed the $175-million threshold in the form of bonus dividends and interest rebates based on their 2018 performance.
TULSA, Okla.–TTCU FCU announced it paid out nearly $3 million to its members in the form of member rewards dividends during 2018. The credit union said the payout of $2,984,000 was a 6% increase over 2017.
CHICAGO–A slick website has been created that seeks to challenge the value of credit unions and the “risk” from credit unions to the American taxpayer, and which suggests money saved from the tax exemption is not going where Congress is intended.
TAMPA, Fla.–University of South Florida Federal Credit Union said it is establishing new scholarships and expanding existing ones for a total of $205,000 that will support USF students studying many disciplines.