Press

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S&P upgrades PenFed auto loan securitizations due to strong performance

SAN ANTONIO, VA (December 11, 2023) — PenFed Credit Union, the nation's second-largest federal credit union, received notable upgrades on the ratings of the bonds issued through its inaugural prime auto loan securitization offering PenFed Auto Receivables Owner Trust 2022-A (PAROT 2022-A) due to strong ...

Torrance Community Credit Union welcomes Michael Wilkins as new CEO

TORRANCE, CA (December 11, 2023) — The Board of Directors of Torrance Community Credit Union (TCCU) has appointed Michael Wilkins as its new Chief Executive Officer. This strategic leadership transition occurs as the former CEO, Steve Stoppel, retires following a distinguished 21-year tenure with the ...

Eltropy collaborates with Jack Henry’s Banno digital banking platform

MONETT, MO (December 8, 2023) — Eltropy, a leading digital conversations platform for community financial institutions (CFIs), announced today that Eltropy’s Digital Conversations Platform is now accessible through the Jack Henry™ digital banking platform. Eltropy leveraged the Banno Digital Toolkit™, the same set of ...

Random Acts of Thanksgiving

With the arrival of the season of giving, Bragg Mutual Federal Credit Union chose a unique opportunity to support the Fayetteville, Spout Springs, and Kenansville communities through what the credit union called Random Acts of Thanksgiving. The credit union hoped to support people in those ...

Response to new CDFI certification requirements unveiled by the US Treasury

TACOMA, WA (December 8, 2023) — In a significant milestone for credit unions certified as Community Development Financial Institutions (CDFI), U.S. Treasury shared the new CDFI certification requirements. The official release came after seven years of work, delays, and revisions in response to significant ...

Lending, assets, insured shares, and delinquencies rise in third quarter

ALEXANDRIA, VA (December 7, 2023) — According to the latest financial performance data released today by the National Credit Union Administration, total loans outstanding in federally insured credit unions increased $132 billion, or 9.1 percent, over the year ending in the third quarter of ...

TRUE Community Credit Union scores NIL partnership

JACKSON, MI (December 7, 2023) — TRUE Community Credit Union is excited to announce its Name, Image, and Likeness (NIL) partnership with Michigan State University basketball player Carson Cooper. As a Jackson native, Cooper will be instrumental in creating opportunities to showcase TRUECCU’s mission ...

Credit Union relEVENT 2024 returns to Las Vegas

DES MOINES, IA (December 7, 2023) — Credit Union Service Organization Choice Creative Solutions is excited to announce the return of Credit Union relEVENT. The conference will take place June 23-25th in Las Vegas, Nevada at Caesars Palace Hotel and Casino. Attendance for the 2023 ...

Eight days left to submit your GWLN scholarship application

MADISON, WI (December 7, 2023) — The deadline for the Global Women’s Leadership Network (GWLN) 2024 scholarship is fast approaching — December 15, 2023! There are eight (8) days left to apply for the chance to attend career building events around the world. The GWLN ...

Dan Stoltz named to Twin Cities Business Top 100 for 2024

FALCON HEIGHTS, MN (December 7, 2023) — Every year, the editors of Twin Cities Business make a list of the people in and around Minnesota business likely to make news and drive change in the year ahead. The TCB 100 list for 2024 includes CEOs, ...

Alltru Credit Union earns National Workplace Culture Recognition

ST.LOUIS, MO (December 7, 2023) — Alltru Credit Union, a Community Development Financial Institution (CDFI) based in the St. Louis area, is proud to announce that it’s been certified a Great Place To Work® for the second consecutive year. The Great Place to ...

Navy Federal Credit Union partners with Alacriti

BRIDGEWATER, NJ (December 7, 2023) — Navy Federal Credit Union, the world's largest credit union, with $166 billion in assets and more than 13,000,000 members, has partnered with Alacriti, an innovator in cloud-based payments and money movement services, as the platform provider for ...