Twenty-three federally insured, low-income credit unions in 17 states have been awarded $536,000 in grants to support outreach to underserved members, NCUA recently announced. Of the 23 recipients, five are affiliates of the LSCU in Alabama and...
The 7th Annual Executive Dialogue is moving to March 14-15, 2018 at the historic AAA Five-Diamond rated Ponte Vedra Inn & Club in Ponte Vedra, FL. This meeting is exclusively for large-asset-size (LAS) credit union CEOs to exchange ideas with...
The boom in the stock market is a clear reflection of improvements in the U.S. economy. New numbers published on Wednesday show the U.S. grew at a brisk 3.3 percent pace between July and September, the best growth since 2014 and the second-straight...
Third quarter results released this week showed credit unions continued to increase their loans faster than savings, signaling tighter cash and creating loan-to-savings ratios not seen since the last recession. Steven Rick, CUNA Mutual Group’s chief...
Pen Air FCU Named Philanthropic Corporation of the Year Pen Air Federal Credit Union was named the Philanthropic Corporation of the Year by the Association of Fundraising Professionals (AFP), Northwest Florida Chapter. The National Philanthropy Day...
The Senate voted last night 52-48 (party line, 52R to 46D and 2I) to begin formal debate on the tax reform bill. This sets the stage for a vote on final passage later this week. League sources say here’s what’s going to happen now: The Senate will...
Florida Congressman Bill Posey (R-Rockledge) has introduced legislation that would repeal the NCUA’s risk-based capital (RBC) rule. Since the RBC rule was finalized last year, credit unions throughout the country have expressed their concerns to the...
The Federal Reserve Board on Friday extended the comment periods for two related proposals until Feb. 15, 2018. One would enhance the effectiveness of boards of directors. The other would implement a new ratings system for large financial...
CUNA’s National Awards Committee recently selected the recipients of the 2017 Dora Maxwell Social Responsibility Community Service Award, the Louise Herring Philosophy-in-Action Member Service Award, and the Desjardins Awards for Financial Education...
On Tuesday, Nov. 28, a U.S. District Court judge in Washington ruled in favor of the Trump administration’s choice to install White House Budget Director Mick Mulvaney as acting director of the Consumer Financial Protection Bureau. The...