Press

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NCUA settles with ND Credit Unions in US Central Assets

BISMARCK, ND (January 11, 2024) — North Dakota credit unions will receive more than $11,900,000 in recovered assets that had previously been denied by the National Credit Union Administration (NCUA). The federal agency has agreed to settle the dispute following the judge’s ...

UBPR Balance Sheet dollar page changes

ARLINGTON, VA (January 11, 2024) — The Federal Financial Institutions Examination Council’s member agencies are making changes to the Uniform Bank Performance Report’s Balance Sheet dollar page on or shortly after January 15, 2024. These changes, being led by the Task Force on ...

Dora Financial announces partnership with Sharing Hope to support children in need

CHELMSFORD, MA (January 11, 2024) — Dora Financial, a marketing and innovation CUSO (Credit Union Service Organization), announced a strategic partnership with Sharing Hope, a charitable organization dedicated to providing support and resources to women and children who are victims of domestic violence. This partnership ...

Global financial institution AML and regulatory fines soar in 2023

NEW YORK, NY (January 11, 2024) — Fenergo, the leading provider of digital solutions for client lifecycle management (CLM), know your customer (KYC) and transaction monitoring, today released its annual findings on global financial institution enforcement actions, which reveal that the value of penalties imposed ...

Maine State Credit Union expands retail team and promotes four

AUGUSTA, ME (January 11, 2024) — Maine State Credit Union is excited to announce changes to its retail team, which will allow it to continue to provide members with the highest level of support across the state of Maine as it continues to expand into ...

First class graduates from MSUFCU’s Culture of Finances program

EAST LANSING, MI (January 11, 2024) — The foundation on which to build solid and sound financial futures was set for 20 local community members who graduated Wednesday, Jan. 10, from MSU Federal Credit Union’s (MSUFCU) inaugural The Culture of Finances program. The Culture ...

America’s Credit Union announces new scholarships at SPSCC

OLYMPIA, WASH (January 11, 2024) — America’s Credit Union is excited to announce new scholarships that will enhance the lives of South Puget Sound Community College (SPSCC) students.  Beginning this spring, two ACU Craft Brewing and Distilling Scholarships will be available to students who ...

MSUFCU announces new vice president of branches – Illinois

EAST LANSING, MI (January 10, 2024) — Jean Theis has been announced as the first Vice President of Branches – Illinois for MSU Federal Credit Union (MSUFCU). “We are excited for Jean to return to MSUFCU, where she started her professional career as a marketing specialist,” ...

FusionIQ announces strategic partnership with Kinecta Federal Credit Union

WOBURN, MASS. (January 10, 2024) — FusionIQ, a leader in the delivery of cloud-based wealth management solutions with their all-in-one digital platform for financial institutions, today announced a partnership with Kinecta Federal Credit Union. The integrated FusionIQ One platform makes it easy for banks and ...

Financial Plus Credit Union helped raise over $24,000 for local cancer patients

FLINT, MI (January 10, 2024) — Financial Plus Credit Union showcased steadfast dedication to the 2023 Pink Night Palooza  campaign benefitting local cancer patients. Through collective efforts of mini-fundraisers and employee  donations, Financial Plus raised $24,855.06 for Hurley’s Breast Cancer Navigation Fund.  ...

AEA Federal Credit Union unveils new name and brand

YUMA, AZ (January 10, 2024) — AEA Federal Credit Union is proud to announce it will change its name to Avenir Financial, effective January 16, 2024. The credit union serves over 33,000 members and serves both Yuma and La Paz counties. “After a detailed ...

CU NextGen extends its relationship with MSUFCU

DOVER, DEL (January 10, 2024) — CU NextGen, the Credit Union Service Organisation (CUSO) dedicated to bringing next-generation technology to credit unions, announced at the start of 2022 that it would be introducing its Nextly platform to the world’s largest university-based credit union, Michigan ...

Governor Abbott reappoints Texas Trust CEO to CU Commission

ARLINGTON, TX (January 10, 2024) — Texas Governor Greg Abbott has reappointed Jim Minge, CEO of Texas Trust Credit Union, to another term on the Texas Credit Union Commission. He will serve as Chairman of the Commission through February 2029. The Commission supervises the Texas ...

People’s Credit Union appoints new head of finance, Cynthia Ricci

MIDDLETOWN, RI (January 10, 2024) — People’s Credit Union has appointed Cynthia Ricci as Head of Finance directing all functions within the department including financial reporting, budgeting, liquidity management, and internal controls & procedures. Ricci will report to the Head of Finance & Risk, ...

SRM releases report on operational agility for banks & credit unions in 2024

MEMPHIS, TN (January 10, 2024) — SRM (Strategic Resource Management), an independent advisory firm serving financial institutions across North America and Europe, today released its new report titled " Focus on Operational Agility to Achieve Success in 2024."  2024 welcomes various unknowns for banks and credit ...

Meriwest Credit Union names banking veteran Chad Maze as new chief operating officer

SILICON VALLEY, CA (January 9, 2024) — Meriwest Credit Union announces the appointment of Chad Maze as Chief Operating Officer of the credit union. In this role, Chad will spearhead all member-centric functions, including retail banking, contact centers, marketing, community development, business development, wealth management, ...