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ALEXANDRIA, VA (December 21, 2023) — The National Credit Union Administration joined with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and other agencies to issue a joint statement to provide clarity for banks regarding FinCEN’s final rule on ...
ALEXANDRIA, VA (December 21, 2023) — The National Credit Union Administration released today the December 2023 update of its Simplified CECL Tool. The update includes the latest life-of-loan, or Weighted Average Remaining Maturity, and other enhancements. For most credit unions, CECL became effective January 1, ...
WASHINGTON, D.C. (December 21, 2023) — Today, Jim Nussle, who will serve as President/CEO of America’s Credit Unions beginning Jan. 1, 2024, announced the Executive Leadership Team for the new association. Nussle has appointed Jill Tomalin to serve as Executive Vice President, ...
ANDOVER, MN (December 21, 2023) — THANK YOU! The generosity of Minnco Credit Union members and community members was never more apparent than this year, when Minnco accepted 150 more requests than last year for our Angel Tree. Over 500 kids will have a happier ...
MADISON, WI (December 21, 2023) — We wrap up 2023 by taking a look back at how World Council of Credit Unions succeeded this year in making credit unions more relevant in key strategic areas, such as climate resilience, digitalization and the financial inclusion of ...
HELENA, MT (December 21, 2023) — Twenty credit union professionals from eight credit unions across Montana recently received their Certified Credit Union Financial Counselor (CCUFC) designation by completing the Enhanced Financial Counseling Certification Program (FiCEP) through Montana’s Credit Unions. FiCEP provides comprehensive training for ...
EAST LANSING, MI (December 21, 2023) — Instead of opening gifts this year, MSU Federal Credit Union (MSUFCU) members and the community opened their hearts during the Credit Union’s annual Giving Tree initiative with local nonprofit organizations across Michigan. Employees, members, and the community ...
ALEXANDRIA, VA (December 21, 2023) — The comment period for the NCUA’s recently approved request for comment on the Overhead Transfer Rate Methodology is now open. Stakeholders must submit their comments by February 20, 2024. The NCUA Board unanimously approved the issuance of a ...
WASHINGTON, DC (December 21, 2023) — Earlier this year, President Joseph R. Biden nominated Tanya Otsuka of Virginia to the National Credit Union Administration (NCUA) Board. Otsuka is currently the senior counsel for staff of the Senate Banking Committee, led by Chairman Sherrod Brown, D-Ohio. ...
MILWAUKEE, WI (December 21, 2023) — Five Corporate Central employees recently volunteered at “Reality Check Day,” a unique financial literacy program organized by Educators Credit Union. This event is designed to empower students with practical financial knowledge and skills. The program provides participants with hands-on ...
ALEXANDRIA, VA (December 21, 2023) — National Credit Union Administration Chairman Todd M. Harper congratulated Tanya Otsuka on her confirmation today by the U.S. Senate to become a member of the NCUA Board. “Tanya brings a deep dedication to public service and many years ...
TIGARD, OR (December 21, 2023) — Confirmation of Tanya Otsuka: The Credit Union Movement will be well-served by Tanya Otsuka’s service to the NCUA Board of Directors. Ms. Otsuka has a distinguished career in public service and is a proven financial services industry thought ...
DUNCAN, OK (December 21, 2023) — Endurance Federal Credit Union in Duncan, OK participated in World Kindness Day by doing random acts of kindness in the Duncan community. Employees went out to local grocery stores and restaurants and gave 40, $50 gift cards to random ...
MEDFORD, OR (December 21, 2023) — On Wednesday, December 20, Rogue Credit Union leaders visited the new pavilion at Asante Rogue Regional Medical Center to present a check for $205,000 and gift two ride-on vehicle toys to some of Asante’s young patients and ...
MECHANICSBURG, PA (December 20, 2023) — This holiday season AmeriChoice Federal Credit Union rallied its employees and partnered with several area police departments to support Shop with a Cop. For this community-centered charitable effort, AmeriChoice made donations to help children referred to the Shop with ...
FORT WASHINGTON, PA (December 20, 2023) — TruMark Financial Credit Union was delighted to make its annual toy delivery to St. Christopher’s Hospital for Children, which took place on Wednesday, Dec. 13, 2023. The credit union, known for its commitment to community engagement, distributed ...
MIAMI, FL (December 20, 2023) — Power Financial Credit Union (PFCU), one of South Florida’s largest credit unions, is proud to announce it has been voted the Best Credit Union in Miami-Dade in the prestigious Miami-Dade Favorites content, presented by the Miami Herald. This ...
MIDDLETOWN, RI (December 20, 2023) — People’s Credit Union’s Bristol branch has made a $250 donation to support the Benjamin Church Senior Center (BCSC) and its programs to benefit seniors. As part of the Benjamin Church Manor, the BCSC offers seniors many social, ...
LANSING, MI (December 20, 2023) — The Boards of Directors of the Michigan Credit Union League (MCUL) and majority-owned CUSO, CU Solutions Group (CUSG), are pleased to jointly announce the appointment of Patty Corkery to lead CUSG effective July 1, 2024. Corkery will lead both ...
DALLAS, TX (December 20, 2023) — ALM First, a strategic partner for depositories offering commission-free, fee-based advice, served as a consultant for Space Coast Credit Union, the third-largest credit union in Florida with over $9B in assets, throughout their recent auto loan securitization process. This ...
MARSHFIELD, WIS (December 20, 2023) — In the true spirit of community and the holiday season, MMCCU teamed up with Marshfield Area United Way to make a meaningful impact on the lives of underprivileged families in the community. Recognizing the increased strain on local food ...
WINSTON-SALEM, NC (December 20, 2023) — Allegacy Federal Credit Union’s Board of Directors has selected Nathanael Tarwasokono as its next President/CEO after a comprehensive search process. He was placed by DDJ Myers, the well-known leadership development firm that offers a broad range of ...
SANDY, UT (December 20, 2023) — Mountain America Credit Union announced the recipients of its annual Educator Grants program for the 2023–2024 school year. These grants will fund projects that vary in nature, from hands-on integrated science supplies, handmade electric guitars, social skills curriculum ...
PHILADELPHIA, IL (December 20, 2023) — The Kids-N-Hope Foundation (“the Foundation”) has announced $602,500 in annual contributions to support their mission of funding music therapy, music programs, and child life services through organizations and local area hospitals, including Children’s Hospital of Philadelphia’s (“...
GLENDALE, CA (December 20, 2023) — California Credit Union has partnered with the Los Angeles Boys & Girls Club to bring some holiday magic to hundreds of Club kids, providing over 380 new toys and gifts donated by the credit union, its employees, and members. “...
MILWAUKEE, WI (December 20, 2023) — Corporate Central is proud to share that Kevin Chiappetta, CFA, Senior Vice President Investment Services and President of QuantyPhi, has reached a significant career milestone by successfully completing the Executive Master of Business Administration (EMBA) program at Marquette University. ...
WASHINGTON, D.C (December 20, 2023) — The Consumer Financial Protection Bureau (CFPB) and the Justice Department today sued Colony Ridge, a Texas-based developer and lender, for operating an illegal land sales scheme and targeting tens of thousands of Hispanic borrowers with false statements and ...
ALEXANDRIA, VA (December 20, 2023) — This alert informs credit unions about a technical correction with the calculation of the Current Expected Credit Loss transition amount in NCUA regulations, §702.703(b)(2). Credit unions that adopted the CECL accounting standard in 2023 should use ...
ALEXANDRIA, VA (December 20, 2023) — Federally insured credit unions experienced growth in loans, positive net income, and delinquencies in the third quarter of 2023, along with a decline in assets, shares, and deposits, according to the latest NCUA Quarterly U.S. Map Review. Nationally, ...
KALAMAZOO, MI (December 20, 2023) — Consumers Credit Union is excited to welcome Angela Cooper, who will act as the office manager of the new East Lansing office set to open in spring 2024. In her role with Consumers, Cooper will use her over 17 ...
