Press

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MSU Federal Credit Union announces new managers

Wright Promoted to Adjustments Manager, Waligorski to Consumer Loans Operations Assistant Manager EAST LANSING, MI (December 29, 2014) -- Patrick McPharlin, President and Chief Executive Officer (CEO) of MSU Federal Credit Union, is pleased to announce the promotions of Kyle Wright to Adjustments Manager and ...

Stanford Federal Credit Union selects nCino

Palo Alto-based credit union will advance commercial lending efficiencies using cloud-based platform WILMINGTON, NC (December 29, 2014) -- nCino, the leader in secure, cloud-based operating solutions to the financial services industry, announced today that Stanford Federal Credit Union has selected its Bank Operating System to ...

Community Resource donates to help animals

Photo Caption: Community Resource Federal Credit Union’s employees presented a check for $4,800 to the Mohawk Hudson Humane Society on Monday, December 22, 2014. From left are Courtney Hill, Amy Westfall, Nancy Laribee, Brad Shear, Terry Langlois, Deana Harrington, and Wendy Meola. LATHAM, ...

NAFCU Letter to NCUA on Flood Insurance

(December 24, 2014) -- Below is NAFCU Regulatory Affairs Counsel PJ Hoffman's letter to NCUA regarding the multi-agency joint notice of proposed rulemaking regarding loans in areas having special flood hazards. The notice of proposed rulemaking would amend regulations regarding loans in areas having special ...

Hopewell Federal Credit Union welcomes new team member

Heather Koklich of Newark Joins Team as Executive Assistant / Human Resource Generalist HEATH / NEWARK, OH –December 24, 2014—Hopewell Federal Credit Union (HFCU) welcomed Heather Koklich of Newark as their Executive Assistant/Human Resource Generalist.  Heather brings an array of knowledge including, recruiting, on boarding, ...

Robins Federal Credit Union’s 25 Days of Holiday Giving

WARNER ROBINS, GA (December 24, 2014) -- Robins Federal Credit Union will be giving back during the holidays with their 25 Days of Holiday Giving. They selected 25 different organizations throughout their county radius to provide a monetary donation to help with the organizations holiday ...

NAFCU comment letter to DoD on MLA Proposed Rule

(December 23, 2014) -- Here is NAFCU President and CEO Dan Berger's comment letter regarding the recent Department of Defense (Department or DoD) proposed rule on Limitations on Terms of Consumer Credit Extended to Service Members and Dependents. NAFCU has significant concerns about the potential ...

Purdue Federal names Lerzak as Vice President Information Technology

WEST LAFAYETTE, IN (December 30, 2014) -- Purdue Federal Credit Union (Purdue Federal) has announced the hiring of Matthew Lerzak as Vice President Information Technology. In his position, Lerzak leads the information technology team and develops innovative, secure banking services for our credit union members. ...

NCUA charters Lutheran Federal Credit Union

Third 2014 Charter Will Provide Affordable Financial Services to the Lutheran Church – Missouri Synod ALEXANDRIA, Va. (Dec. 23, 2014) – Lutheran Federal Credit Union has become the third new federally chartered credit union of 2014. NCUA’s Office of Consumer Protection granted the charter to Lutheran ...

NCUA issues Cease and Desist Order

Member Deposits at New Bethel Federal Credit Union Remain Insured Up to $250,000 ALEXANDRIA, VA (December 23, 2014) -- The National Credit Union Administration has issued a cease and desist order to New Bethel Federal Credit Union of Portsmouth, Virginia. Accounts of New Bethel ...

Sharing the holiday spirit

LEOMINSTER, MA (December 23, 2014) – Employees of Leominster Credit Union shared their holiday spirit by purchasing toys, clothes and gift cards for two local families. In addition to the gifts, the staff donated bags of food for each family. From L-R: Mychelle Phillip, Ann Marie ...

CommonWealth One member improves money management skills and wins prize

ALEXANDRIA, VA (December 23, 2014) -- CommonWealth One Federal Credit Union congratulates Angela Jackson on winning a digital SLR camera package in the recent “Picture Yourself a Winner” campaign. The campaign encouraged members to try Money Tools, a free financial management system, available in CommonWealth ...

NAFCU commends NCUA on continued recovery efforts on mortgage-backed securities

WASHINGTON, DC (December 23, 2014) -- National Association of Federal Credit Unions (NAFCU) Senior Vice President and General Counsel Carrie Hunt today commended the National Credit Union Administration (NCUA) for its action to pursue recoveries against Wells Fargo Bank National Association, alleging the bank violated ...

NCUA sues Wells Fargo as trustee of mortgage-backed securities

ALEXANDRIA, VA (December 23, 2014) -- The National Credit Union Administration has filed suit  in federal court against Wells Fargo Bank National Association, alleging the bank violated state and federal laws by failing to fulfill its duties as trustee for 27 residential mortgage-backed securities trusts. ...

Dover Federal donates toys to “Toy for Tots”

DOVER, DE (December 23, 2014) -- Dover Federal Credit Union is proud to announce its participation in the annual ‘Toys for Tots’ toy drive, a program that helps the Marine Corps collect and distribute toys for less fortunate children in our community. Dover Federal collected ...

NCUA posts new economic update video

Learn about 2015 Economic Outlook, Third-Quarter Credit Union Performance ALEXANDRIA, VA (December 23, 2014) -- The consensus of economic forecasters is that the economy will continue to grow and labor markets will continue to improve in 2015. For federally insured credit unions, continued improvements in ...

Xtend, Inc. announces dividend to owners

GRAND RAPIDS, MI (December 23, 2014) -- In an email communication from President Scott Collins to its eighty-three (83) owners, Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, announced that it has issued its third stock dividend in four years following its 2014 fiscal ...

Sharetec welcomes 13 credit unions in 2014

LINO LAKES, MN (December 23, 2014) -- Sharetec System, one of the fastest growing core systems offering a true return on your investment, welcomes 13 new credit unions to the family in 2014. Many of Sharetec’s new customers are a result of credit unions ...

CU*Answers set to begin round two of its Cost of Compliance Contest

GRAND RAPIDS, MI (December 23, 2014) -- CU*Answers, a 100% credit union-owned core processor to nearly 200 credit unions nationwide, announced their second Cost of Compliance Contest will officially begin on January 1, 2015. The initial contest was held earlier in 2014 and set ...

CUNA urges Department of Defense to exempt credit unions from MLA proposal

WASHINGTON, DC (December 23, 2014) – CUNA filed a joint comment letter yesterday with African-American Credit Union Coalition (AACUC), Defense Credit Union Council (DCUC), National Association of Federal Credit Unions (NAFCU), and National Association of State Credit Union Supervisors (NASCUS) urging that the credit union system ...