The LSCU Cooperative Image Campaign, one of the most successful cooperative advertising campaigns ever presented by a League, has launched a new campaign under its “Better Name for Banking” umbrella. This time, a group of goats — presumed to be...
The CFPB released its new proposed rule on payday and small dollar loans at a field hearing in Kansas City, MO. In a nutshell, the CFPB proposal is complicated, as suggested by the 1,549-page document that aims to limit high-interest loans by...
Credit Unions nationwide are on an upward trend, along with the economy, according to CUNA Mutual Group’s May 2016 Credit Union Trends Report, which tracks March 2016 data. During that month, credit unions picked-up 577,000 in new memberships, and...
The latest U.S. consumer spending numbers bode well for the economy, with the Commerce Department reporting its biggest increase in more than six years in April. Consumer spending rose 1.0 percent over March, or $119.2 billion, compared with just a...
Credit unions are under increased pressure to find ways to better manage third-party vendor relationships. To maintain compliance, credit unions need to have systems in place to ensure that they meet standards for managing their third-party...
National Credit Union Administration Board Chairman Rick Metsger announced Friday that board member J. Mark McWatters will serve as the agency’s liaison to the Defense Credit Union Council, which represents the interests of credit unions operating...
With data breach issues ever-present in the news, reluctance to move forward with new digital technology might actually cost credit unions and other financial institutions. Due to competition from new fintch company apps and other longtime high-tech...
Brand new residential real estate is a hot commodity now, as confirmed when the Commerce Department announced Tuesday that new home sales increased 16.6 percent last month to a seasonally adjusted rate of 619,000, up from a revised total of 531,000...
Todd Clark will become the new president/CEO of CO-OP Financial Services effective June 27, according to Jeff Napper, chairman of the board of directors of CO-OP. Clark succeeds Stan Hollen, who is retiring after 11 years with the organization...
Responding to concerns of credit unions that the upcoming Fourth of July holiday will give them less time to prepare Call Reports, NCUA announced yesterday that they have three extra calendar days to file for the second and third quarters of this...