The NCUA’s 60-day comment period for its proposed changes to the member business lending (MBL) rule is closing today. Credit unions are urged to send in a comment. A League source says that the NCUA has received enough negative comments from...
The 1st Annual Deep Sea Fishing Excursion for FEDPAC is scheduled for Tuesday, Nov. 3 in Destin. The six-hour fishing excursion will start at the Destin Harbor Walk Village in conjunction with the LSCU Southeast Leadership Development Conference...
With Tropical Storm Erika tracking toward Florida and possibly the gulf, now is a good time for a credit union to know its disaster plan. The uncertainty of the storm means that credit unions should prepare for the worst this weekend and into early...
Small-business owners’ confidence in the overall economy is fading despite strength in their own operations, a sign the recovery’s gains may be slowing. For August, the portion of small businesses reporting that the U.S. economy was improving fell...
Managing your third party vendors takes up a lot of staff hours. From the credit union’s third-party lending vendors to the lawn service contract, all have to be tracked, managed, and re-negotiated. This process can take a number of staff to...
One of the oldest financial institutions in Tampa Bay is now one of the newest in Ruskin with the recent opening of the Railroad and Industrial Federal Credit Union. “We were founded in 1935 by 14 guys working for the railroads,” said Burt Bravo...
Paul Callen, former CEO of State Employees Credit Union (SECU) in Jacksonville, FL, passed away Monday, Aug. 24. Mr. Callen served as the CEO of SECU from 1983 to the end of 2008, at which time he retired after 25 years of service. During his...
NCUA has instituted data encryption protocols as suggested by its Office of Inspector General this June following review of an examiner’s loss of a thumb drive containing credit union members’ data. The protocols were communicated Aug...
Avadian Credit Union, based in Birmingham, and American Bank of Huntsville, based in Huntsville, have a Definitive Agreement for Avadian to purchase American Bank of Huntsville. Avadian will assume operation of the bank’s location on Memorial...
A 12-day special legislative session to redraw congressional district lines ended on Friday as senators staged a walkout and an angry House refused Senate requests to extend the session. As a result, the Florida Supreme Court will likely have the...