Press

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NCUA Chairman Harper welcomes Otsuka nomination

ALEXANDRIA, VA (September 22, 2023) — National Credit Union Administration Chairman Todd M. Harper issued a statement welcoming President Joseph R. Biden’s nomination of Tanya Otsuka of Virginia to the NCUA Board: “Tanya Otsuka is a committed public servant and a well-qualified nominee to ...

CFPB kicks off rulemaking to remove medical bills from credit reports

WASHINGTON, D.C. (September 21, 2023) — The Consumer Financial Protection Bureau (CFPB) today announced it is beginning a rulemaking process to remove medical bills from Americans’ credit reports. The CFPB outlined proposals under consideration that would help families financially recover from medical crises, stop ...

PenFed Foundation welcomes new ambassador

TYSONS, VA (September 21, 2023) — PenFed Foundation, a national 501(c)3 founded by PenFed Credit Union is proud to welcome Lieutenant General, U.S. Army (Retired) Fran M. Beaudette as their new Ambassador. "What an honor to have someone with General Beaudette's wealth ...

NCUA Board approves final rule on financial innovation

ALEXANDRIA, VA (September 21, 2023) — The National Credit Union Administration Board held its eighth open meeting of 2023 and unanimously approved a final rule that amends the NCUA’s regulations regarding indirect lending, the purchase of loan participations, and the purchase, sale, and pledge ...

Sikorsky Credit Union supports community with Back to School Drive

STRATFORD, CT (September 21, 2023) — Sikorsky Credit Union hosted Back to School Drives in their branches to collect school supplies for children in the community. The start of the new school year is an exciting time for children, but school shopping can be a ...

Credit Union West & employees donate $5K to Maui wildlife relief

GLENDALE, AZ (September 21, 2023) — Credit Union West has donated $5,000 to CU Aid to support the relief efforts from the wildfire that tore through Maui last month. The donation was funded by the credit union’s new charitable foundation and employee charitable ...

NACUSO comment on NCUA ruling

GRAND RAPDIS, MI (September 21, 2023) — We applaud the National Credit Union Administration (“NCUA”) Board (the “Board”) for its sensible and well thought out approach to regulation. The amendments to Part 701.21, 701.22 and 701.23 of the NCUA Rules and Regulations, ...

NCR ranked #5 for technology providers in the IDC FinTech Rankings

ATLANTA, GA (September 21, 2023) — NCR Corporation (NYSE: NCR), a leading enterprise technology provider, today announced that it has ranked #5 on the 2023 IDC FinTech Rankings Top 100, a comprehensive list of the financial services industry’s leading global hardware, software and service ...

Dow Credit Union opens new branch in Saginaw

MIDLAND, MICHIGAN (September 21, 2023) — Dow Credit Union has announced the grand opening celebration of its new branch in Saginaw Sept. 25-29. Spurred by growth in the Saginaw region, this is the first branch to open outside of the credit union’s Midland headquarters. ...

TAG announces Vertice AI as winner of 2023 Innovation Challenge

ATLANTA, GA (September 21, 2023) — Vertice AI, an AI firm that leverages analytics to improve credit  union member participation, was named the winner of the 2023 Innovation Challenge during  this month’s Fintech South conference, produced by the Technology Association of Georgia (TAG). Vertice ...

Neighborhood Credit Union purchases land in Sherman; expansion plans underway

DALLAS, TX (September 20, 2023) — Neighborhood Credit Union, the first credit union in the Dallas-Fort Worth metroplex, today announced plans to expand into the Sherman area. The credit union will be opening a full-service branch with ITMs (interactive teller machines) on recently purchased property ...

evolve FCU | Social Purpose community outreach event Summer Slam 2023

EL PASO, TX (September 20, 2023) — evolve FCU hosted its third quarter Social Purpose event, “Summer Slam” at the El Paso Chihuahuas baseball stadium where the credit union provided tickets to a private event to seven of its partner organizations. Organizations included in this ...

Champion Credit Union and Ecusta Credit Union announce merger

CANTON, NC (September 20, 2023) — In a move aimed at enhancing financial services and member experience, Champion  Credit Union, a leading financial institution serving the Western North Carolina community for over  91 years, is excited to announce that Ecusta Credit Union will formally merge ...

DCUC joins trade associations in letter to Senate: Credit Card Competition Act of 2023

WASHINGTON, DC (September 20, 2023) — Dear Majority Leader Schumer, Minority Leader McConnell, Speaker McCarthy, and Minority Leader  Jeffries:  The American Bankers Association, Association of Military Banks of America, Bank Policy Institute,  Consumer Bankers Association, Credit Union National Association, Defense Credit Union Council,  Electronic Payments ...

Esteemed credit union school announces key staff leadership changes

CLAREMONT, CA (September 20, 2023) — As Western CUNA Management School (WCMS) enters its seventh decade of preparing credit union leaders to meet the challenges of the credit union industry’s future, WCMS is announcing changes in its school administration team. The school is proud ...