adminCredit unions have two weeks to send comments to the NCUA concerning the Field of Membership (FOM) rule changes. Bankers have been sending in comments to the NCUA asking the agency to not amend the rule. Credit unions are urged to take a few minutes...
Credit unions in Florida got good news from the House Insurance and Banking subcommittee. A bill to clarify what information Florida’s Office of Financial Regulation (OFR) can share with the Federal Home Loan Bank in order to clear the way for...
November is typically a slower month for credit unions, but the CUNA Mutual Group trends report finds a steady month with many positives. Loan growth was positive for the month with every asset size category of credit unions showing higher loan...
Credit unions have been making a push to offer more member business loans (MBL) to members. Callahan & Associates found that 34.4 percent of U.S. credit unions offer MBLs, as of September 2015. There are six credit unions from Alabama and...
The National Credit Union Administration (NCUA) and U.S. Treasury Department will partner up to double the number of Community Development Financial Institution (CDFI) certified, low-income credit unions in 2016. The memorandum of agreement will be...
Credit unions that use CO-OP Financial Services were part of a record year. CO-OP announced that in 2015 it processed 3.2 billion electronic funds transfer (EFT) and shared branch transactions by credit union members, an increase of 6.6 percent...