Press

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Chairman Matz Statement on Associational Common Bond Final Rule

WASHINGTON, DC (April 30, 2015) -- This rule represents the first of many significant changes we will be considering this year to allow federal credit unions to expand their fields of membership. Even as we finalize this rule, the Field of Membership Working Group I ...

San Francisco Federal Credit Union launches food bank donation app

SAN FRANCISCO, CA (April 30, 2015) -- San Francisco Federal Credit Union, a not-for-profit, member-owned financial institution serving San Francisco and San Mateo Counties, has partnered with Mogl, a restaurant rewards smartphone app that donates meals to local food banks. The official launch will take ...

McWatters statement on Regulatory Relief for Corporate Credit Unions

Statement by J. Mark McWatters Board Member NCUA Board Meeting April 30, 2015 Regulatory Relief for Corporate Credit Unions Although I will vote to approve the Corporate Credit Union (Corporates) final regulations and proposed regulations pending before the Board today, I wish to offer my ...

D+H completes acquisition of Fundtech

TORONTO, CANADA (April 30, 2015) — TORONTO (April 30, 2015) -- DH Corporation ("D+H") (TSX: DH) today announced that it has successfully completed the US$1.25 billion acquisition (the "Acquisition") of Fundtech, a leading provider of global payments solutions to banks worldwide. This ...

McWatters statement on Associational Common Bond Final Rule

Statement by J. Mark McWatters Board Member NCUA Board Meeting April 30, 2015 Associational Common Bond Final Rule Although it is my understanding that NCUA has undertaken to revise the current “field of membership” (FOM) rules so as to provide the credit union community with ...

Prepared remarks of Vice Chairman Metsger

(April 30, 2015)  Association Common Bond ”I support the adoption of this final rule as a first, and very important step forward in modernizing federal Field of Membership rules. It represents the beginning of a new era. This rule accomplishes several important goals: First, it ...

TMG fraud strategies saved financial institution clients $28 million in 2014

DES MOINES, IA (April 30, 2015) -- Fraud detection and prevention strategies executed by TMG (The Members Group) saved its financial institution clients $28 million in potential fraud losses in 2014, the payments processor announced today. This represents a nearly 40-percent year-over-year increase from the $...

J.B. Hoyt to retire as United Federal Credit Union Chairman

(April 30, 2015) -- United Federal Credit Union (UFCU) announced today that its Chairman, Mr. J.B. Hoyt, will be retiring from the credit union’s Board of Directors on June 30, 2015.  Hoyt, a 28 year veteran of the credit union’s volunteer Board ...

McWatters statement on Credit Union Insurance Fund Parity Act

Statement by J. Mark McWatters Board Member NCUA Board Meeting April 30, 2015 Credit Union Insurance Fund Parity Act Although I will vote to approve the proposed Credit Union Share Insurance Fund Parity Act (Insurance Parity Act) regulations (Proposed Rule) before the Board today, I ...

A+FCU holds Trails at 620 ribbon cutting ceremony

AUSTIN, TX (April 30, 2015) -- A+ Federal Credit Union (A+FCU) celebrated the opening of its newest Austin branch, the Trails at 620, with a ribbon-cutting ceremony and community celebration. The Four Points Chamber of Commerce, Laura Bush Elementary choir, local businesses and members ...

Construction begins for new Summit Credit Union branch in Franklin

MADISON, WI (April 30, 2015) -- Summit Credit Union will break ground on a new, 3,500-square-foot branch in Franklin, Wisconsin, this May. The new facility, located at the Shoppes at Wyndham Village development, which is southeast of Highway 100 and Drexel Avenue in Franklin, ...

Affinity Plus Foundation fills education gap for Minnesota consumers

Financial Myths vs. Truth game puts a fun spin on financial education during Financial Literacy Month PAUL, MN (April 29, 2015) -- According to the Consumer Banking Insights Study conducted in January, more than one-quarter of American consumers do not feel they are in control ...

Chairman Matz Statement on Corporate Credit Unions Final Rule

WASHINGTON, DC (April 30, 2015) -- This final rule includes several provisions of regulatory relief. The most important form of relief, from a safety and soundness perspective, is the provision that will allow surviving corporates to count retained earnings acquired in mergers going forward. Removing ...

Chairman Matz’ statement on IOLTA’s proposed rule

Thank you for clarifying that federal share insurance coverage on lawyers’ trust accounts is already in effect, in cases where the administering attorney is a member of a federally insured credit union. It’s important to further clarify that in those cases, the insurance coverage ...

Del-One is proud to support the Leipsic Fire Company!

(April 29, 2015) -- Del-One Federal Credit Union is proud to assist the Leipsic Fire Company by providing funding for a new fire truck and ambulance! Members of the Leipsic Fire Company stopped by the Del-One Corporate Center in West Dover to show the latest ...

Two years and $51 million later: The little credit union that could

SEATTLE, WA (April 29, 2015) -- April marks the two-year anniversary of Shelli Millhuff taking the helm at the small, Seattle credit union that serves Nordstrom employees and their family members. “I came from Watermark Credit Union. We were one of the biggest credit unions ...

Scient Federal Credit Union to integrate with Apple Pay

GROTON, CT (April 29, 2015) -- Scient Federal Credit Union, a non-profit financial co-operative serving life science professionals and their families, will integrate with Apple Pay, a new category of service that will transform mobile payments with an easy, secure and private way to pay. ...

TopLine Federal Credit Union launches charitable foundation

Local Credit Union Launches 501(c)(3) Non-Profit to Extend Its Support for Financial Literacy, Scholarships, Community Give-Backs and Charitable Organizations. MAPLE GROVE, MN (April 29, 2015) -- Local member-owned financial cooperative TopLine Federal Credit Union announces the creation of the TopLine Credit Union Foundation ...