CFPB Proposes Rule to Rein in Excessive Credit Card Late Fees
Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule to curb excessive credit card late fees that cost American families about $12 billion each year. Major credit card issuers continue to profit off late fees
AMOCO Federal Credit Union Selects PSCU for Credit Card Processing Support
PSCU has announced that AMOCO Federal Credit Union has selected the CUSO for full-service credit card processing support and services.
Columbine FCU’s Wickes Earns Scholarship to CUNA GAC
Tina Wickes, Columbine FCU Vice President of Lending, is the first beneficiary of a CU Prodigy scholarship program in 2023. She’ll be heading to CUNA’s GAC this year, thanks to the leading cloud-based core processing CUSO.
VyStar Credit Union Opens First Branch in Lake Mary, Continuing Growth in Seminole County
VyStar Credit Union is proud to announce its Lake Mary branch is now open at 4699 W. Lake Mary Blvd., Lake Mary, FL 32746.
Control of Edinburg Teachers Credit Union Returned to Members
Edinburg Teachers Credit Union, located in Edinburg, Texas, is once again under the control of its members after release from conservatorship, the National Credit Union Administration and the Texas Credit Union Department announced today.
Affinity Plus CEO Dave Larson to Serve as Special Olympics Minnesota Board Chair for Second Year
Longtime Special Olympics supporter, Larson looks forward to new year of championing inclusion for people with intellectual disabilities
NCUA Releases New Updated FAQs on CECL, Simplified CECL Tool
NCUA has released updates to its frequently asked questions on the current expected credit losses (CECL) accounting standard and its Simplified CECL Tool.
LoanStreet Launches CECL Reporting Solution for Loan Participations
Financial institutions with participations programs can automatically receive credit loss reserve estimates with greater accuracy, reflecting the true risk profile of their participation portfolio
Saskatchewan's Conexus Credit Union provides best service experience amongst Canadian digital banking firms three years in a row according to Surviscor
Credit unions continue to dominate service levels while big banks continue to trend in the wrong direction
Collections Should See Significant Bump with Texting from Eltropy-AKUVO Partnership
Credit Unions can now use the Eltropy-AKUVO connector to speed up the implementation of the industry’s leading Texting platform into their Collections departments
GTE Financial Raised Over $500K In 2022 For Local Tampa Bay Organizations
GTE Financial’s goal is to benefit the community through passionate support of local charities and initiatives that prioritize people over profits.
FORUM Credit Union Announces 2023 Charity of Choice and Looks Back at 2022 Partnership
FORUM Credit Union supports an employee nominated charity each year. In 2022, FORUM’s Charity of Choice was Dayspring Center…
Iowa Credit Union Foundation Invested Over $155,000 to Support Financial Well-Being of Iowans in 2022
Announces Donations to Jumpstart 2023 and Executive Committee Changes
HomeAdvantage® partners with five new credit unions
Five new credit unions have partnered with HomeAdvantage® to attract and nurture home-buying members and close more purchase loans.
SECU and SECU Foundation Provide Joint Gift of $5 Million to Develop Dorothea Dix Park in Raleigh
The largest joint giving to one entity from State Employees’ Credit Union (SECU) and the SECU Foundation was announced today – a $5 million contribution to the Dix Park Conservancy to support the development of a historic 308-acre
Fintech Platform Happy Money Protects Against Leading Causes of Borrower Defaults Through New Loan Payment Protection Offering, Reducing Stress for Credit Union Partners and Consumers Alike
Happy Money has partnered with TruStage® to offer a first-of-its-kind solution for payment protection in the event of involuntary unemployment or disability, automatically included with every personal loan at no additional cost to the borrower.
Career Growth for Credit Union Professionals
Check out new hires, promotions and board appointments
John Roemer Appointed as President/CEO of Los Angeles Police Federal Credit Union
Los Angeles Police Federal Credit Union (LAPFCU) is proud to welcome John Roemer as President and Chief Executive Officer (CEO), effective January 23, 2023.
How to Build a Courageous, Creative Culture for Your Credit Union – and Why!
Listen in on any credit union industry conversation these days and you’ll quickly hear about the struggle to find and retain employees. Move over to the marketing talks and you’ll hear topics like “how can we stand out” and “we need some new ideas.”
BNY Mellon and Fiserv Expand Real-Time FX Rate Quotes Capabilities for Payments from U.S. Financial Institutions
BNY Mellon and Fiserv have joined forces to deliver additional capabilities for real-time foreign exchange rate quotes for payments from U.S. financial institutions.