Tag: Credit Unions

February 9, 2024

On February 6, 2024, National Credit Union Administration (NCUA) Chairman Todd M. Harper spoke at a Brookings Institution event to outline his regulatory agenda and supervisory priorities for 2024. His prepared remarks addressed the 90th Anniversary of the Federal Credit […]

January 25, 2024

NSF fees are typically incurred when a transaction is processed and then declined due to lack of funds through payments made via cheques, electronic authorisations or the Automated Clearing House (ACH). Data published by the Bureau in 2022 suggests that […]

October 23, 2023

The Consumer Financial Protection Bureau (“CFPB”) announced last week the publication of an Advisory Opinion regarding “Consumer Information Requests to Large Banks and Credit Unions.” The Advisory Opinion applies to “large banks and credit unions”, which means those with $10 […]

March 10, 2023

In January, Q2 released the 2023 State of Commercial Banking Report, which analyzed data from Q2’s PrecisionLender proprietary database that includes commercial relationships from more than 150 banks and credit unions throughout the United States, along with other sources. Report […]

March 2, 2023

As more credit unions take steps to improve diversity, equity and inclusion, executives and other experts are debating how much progress has been truly made since the death of George Floyd in 2020. The culture war dominating the political news […]

December 22, 2022

More than 132 million Americans across the country trust their finances to a credit union. As not-for-profit financial institutions, credit unions have the flexibility to offer members lower rates on loans, fewer fees and higher-yielding returns on their savings. While […]

April 28, 2022

CoVantage CEO Charlie Zanayed cited LincolnWay’s success in commercial development and real estate lending as a net positive for the credit union in the deal. “By partnering with LincolnWay Community businesses, we can deliver the size and scale that is […]

April 15, 2022

Three credit unions have filed a federal class action lawsuit in the Southern District of New York seeking to halt the enforcement or implementation of New York’s recently passed S.B. 5724A which would retroactively and prospectively lower the statutory annual […]

February 21, 2022

Banks face a highly competitive landscape filled with thousands of other banks, credit unions and financial technology companies. Could proving your values be a powerful way to differentiate your institution in such an environment? A 2021 Edelman survey found that […]

February 3, 2022

Georgia’s Own Credit Union is kicking off the new year with ambitions to grow by consolidation. A merger with United 1st would expand its reach into the southeastern part of the state. Georgia’s Own, which boasts 30 locations, said it […]

August 5, 2021

Alliant Credit Union, a digital-only credit union with a national reach, said it will stop charging customers fees when they overdraw their accounts. The Chicago-based credit union’s announcement follows a similar one made by Detroit-based lender Ally Bank in June, […]

April 7, 2021

Called a credit union service organisation (CUSO), the new entity – dubbed Nymbus CUSO – will focus on connecting credit unions with fintech offerings. The core banking provider hopes the CUSO will generate new revenue streams for those credit unions […]

February 5, 2021

The Fed’s annual survey, canvassing 15,000 businesses, gives another perspective on the effectiveness of pandemic-prompted relief programs. About 91% of respondents applied for emergency funding during the pandemic, the survey found. For 82%, that was the Paycheck Protection Program (PPP). […]

January 14, 2021

The gradual rollout was meant to give smaller institutions an early advantage in accessing the $284 billion shuttled to PPP through a coronavirus aid bill signed Dec. 27. But the timeline gives community banks and credit unions one business day […]

December 7, 2017

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that five credit unions, with assets between $400M and $2.7B, will leverage core account processing and additional solutions from Fiserv to enhance their ability to […]

October 9, 2017

Credit unions are nonprofit financial institutions that are owned by their members — and for many, they’re a popular alternative to national and community banks. In honor of International Credit Union Day — celebrated annually on the third Thursday of […]

July 14, 2017

Credit unions often outpace banking competitors with lower interest rates and generous perks — and credit union credit cards are no different. You can apply for a credit card online and choose from several credit card options that offer plenty […]

March 28, 2017

Anyone who’s paid a fee for overdrawing a bank account knows the sting and regret associated with it — not to mention the cost. If you felt the fee was way too high, it wasn’t your imagination. Overdraft fees have […]

June 17, 2016

A new alliance of US community banks, credit unions and other financial institutions – Golden Contract Coalition (GCC) – launches to stand up to IT providers. GCC’s aim is to ensure fair market deals from the technology suppliers to its […]