The $1.1 billion IBM Southeast Employees’ Credit Union (IBMSECU) in Delray Beach, FL, plans a merger and acquisition of $350 million The Oculina Bank in Vero Beach, FL, pending regulatory approval. Oculina has eight banking offices along the...
CUNA launched its latest Member Activation Program (MAP) Campaign this week, “Stop the Data Breaches,” focused on educating and activating members to call on members of Congress to enact data breach legislation. CUNA will be hosting a free, members...
BAI, a nonprofit independent organization that delivers the financial services industry’s most actionable insights, recently announced the key findings of the 2018 BAI Banking Outlook research study that uncovers data on trends in marketing and...
The House Ways and Means Committee released a two-page outline commonly referred to as “Tax Reform 2.0” this week. This bill will likely not have any direct positive or negative effects on credit unions. As expected, it proposes to make permanent...
Alabama Credit Union celebrates Christmas in July Alabama Credit Union celebrated Christmas in July by offering its members double points by using their credit cards for travel and back to school related expenses that would help members pay...
Existing-home sales decreased for the third straight month in June, as declines in the South and West exceeded sales gains in the Northeast and Midwest, according to the National Association of Realtors. The ongoing supply and demand imbalance...
According to Cheryl Lawson of John M. Floyd and Associates, in the Federal Reserve’s fifth annual Report on the Economic Well-Being of U.S. Households, released in early May, the number of Americans who say they are managing okay financially has...
The National Credit Union Foundation (the Foundation) is looking for credit unions to submit proposals to work with the Center for Financial Services Innovation (CFSI) to develop financial health-related key performance indicators (KPIs) to measure...
The video recording of the June 21 open meeting of the National Credit Union Administration Board is now available on the agency’s website. Archived videos of past Board meetings may be viewed here, and each video remains on the site for one year...
Cheryl Lawson, executive vice president, compliance review, for John M. Floyd & Associates looks at the important question, “Is your overdraft solution a disclosed service or a hidden fee?” In the Federal Reserve’s fifth...