CUNA told NCUA it is concerned that the agency remains “reluctant” to extend full insurance parity with the FDIC to federally insured credit unions when it comes to interest on lawyer trust accounts, known as IOLATA. In addition, CUNA said another...
On Thursday, Alabama Teachers Credit Union, based in Gadsden, AL, was alerted to a fraudulent check scam. Someone replicated an Alabama Teachers Credit Union check and has been trying to pass it around. The credit union has been receiving calls from...
CUNA is formally asking the CFPB to provide a temporary safe harbor from the enforcement of integrated disclosure requirements for mortgage loan transactions under the bureau’s TILA-RESPA Integrated Disclosures (TRID) regulation. In a comment letter...
With the NCUA’s associational common bond rule taking effect Monday, the agency has sent a letter to federal credit unions with guidance on the rule. The letter (15-FCU-03) also includes information on the rule’s implementation policy and a...
The CU Times ran a story on Thursday highlighting two leagues that sent letters of support to their U.S. Representatives for H.R. 2769, a bill asking the NCUA to stop and study its risk-based capital (RBC) rule. The LSCU & Affiliates...
A new study has found that EMV card distribution does not equate to EMV cardholder awareness. The findings, which were conducted by Javelin Research, show the need to educate consumers. “EMV has been widely perceived as more stick than carrot, with...
From the Jacksonville Business Journal Florida credit unions saw steady growth in the first quarter of 2015, according to data collected by the League of Southeastern Credit Unions & Affiliates. Credit unions in the Sunshine State added 90,000...
From the Montgomery Advertiser Montgomery-area credit unions added 1,700 new members and $61 million in new assets in the first quarter, part of the 13,000 new total credit union members statewide in that time, according to the League of...
From South Florida Business Journal Florida-based credit unions added 90,000 new members in the first quarter of 2015, a 2 percent growth, blowing past the 5 million mark to reach 5.05 million, according to a report released Wednesday from the...
Locally owned credit unions in Alabama and Florida saw steady growth in the first quarter of 2015. Credit unions are adding members, assets, loans, and helping their members save money. Credit unions in Florida added 90,000 new members to pass the...