It was likely an anniversary that critics of the Patient Protection and Affordable Care Act weren’t celebrating.
Tax reform debate as it pertains to the credit union tax exemption shifted into high gear when bank lobby groups strongly advocated last week for its elimination as Congress mulls tax reform options from various working groups.
For some credit unions and CUSOs, the newly approved changes to the loan participation rule are apt to leave a bittersweet residue within their business loan portfolios.
During his June 27 confirmation hearing, NCUA Board nominee Richard Metsger dodged what might have been his most controversial question. Is raising the member business lending cap a good idea?
Ask credit union CEOs what keeps them tossing and turning at night, and odds are the answers will focus on a growing flood of regulations and compliance issues.
It seems safe to say the Brooklyn Cooperative Federal Credit Union was less than satisfied with its previous security firm.
The Consumer Financial Protection Bureau proposed some tweaks and clarifications to its January 2013 mortgage rules on June 24, addressing some credit union concerns.
Sens. Mark Warner (D-Va.) and Bob Corker (R-Tenn.) introduced legislation June 26 that would reform America’s housing finance system by replacing the government-sponsored enterprises Fannie Mae and Freddie Mac with a privately capitalized system.
Catholic Federal Credit Union, Saginaw, Mich., recently awarded $123,000 to 295 students with its Msgr. Forbes Scholarship Fund. The college scholarships are open to members of the credit union who meet the criteria based on financial need, community involvement, educational and occupational goals, grade point average and other requirements. ...
The display case holding the American flag has a place of honor at the $265 million Sooper Credit Union branch in Grand Junction, although members are quite often surprised when they spot it in the lobby.
I’m very much what you see is what you get. I feel the need to forewarn bosses that I will always be honest with them, and occasionally more honest than I should be for self-preservation. I’m respectful about it and always do it for the right reasons, but there you...
Charter Oak Federal Credit Union, Groton, Conn., has named Todd Cooke its new mortgage officer. Cooke has more than a decade’s worth of experience in the real estate industry. Cooke is the fourth mortgage officer on Charter Oak’s residential lending team. Cooke is a member of the National Association of...
Scient Federal Credit Union, Groton, Conn., announced the addition of Stephen Jacoby, vice president of business development. Jacoby has worked in the financial industry for over 10 years, seven of which were at a credit union in Chicago. He has a proven track record of success in developing strong business...
Several years ago my wife and I decided that it was time for me to change careers. While I enjoyed life as a businessman, I was always drawn to nonprofit work and working for the benefit of others. With this in mind I did some research, and it turned out...
Some of the nation’s biggest banks have apparently stalled out when it comes to the amount of auto loans they’ve recently originated.
Directions Credit Union is commemorating 60 years of serving members.
Declining deposits and loans, stagnant membership growth and insufficient resources to invest in new technologies has led the board of directors of the $85 million Chevron West Credit Union in Bountiful, Utah, to unanimously approve a merger agreement with the $2.2 billion Chevron Federal Credit Union in Oakland, Calif.
The $34 million, 3,262-member Greater Oregon Federal Credit Union in Burns, Ore., will merge with the $1 billion, 89,677-member SELCO Community Credit Union in Eugene, Ore., by July 1, the credit unions said.
The 282 credit unions in Alabama and Florida have seen increases in assets, members, and the quality and quantity of loans in first-quarter 2013, according to the League of Southeastern Credit Unions and Affiliates.
Legislation that expands the ability of credit unions to provide financial services to New Yorkers and their families has passed the State Senate and Assembly. The new measure, sponsored by Sen. Joseph Griffo and Assemblywoman Annette Robinson, enhances the credit union state charter through expanded membership and investment options.
Credit Union Miracle Day has elected Theresa Mann, president/CEO of The Partnership FCU, Arlington, Va., as chairman of the charity group.
Higher interest rates and more buyers and sellers are clear signs that the housing market is continuing to recover after years of taking a beating. With that healing, some economists are predicting the current refinance market will shift toward a purchase market. The danger is some credit union mortgage programs...
The U.S. housing finance market may be poised for a historic shift away from a long trend of primarily refinancing existing real estate loans to primarily funding new real estate purchases.
A former boss used sailing analogies to describe the mortgage market, saying things like, “A rising tide floats all boats.” With refinance loans falling and demand far exceeding supply, it’s hard not to look like an industry captain. Whether it is government subsidized programs, wide margins or vehicles to invest...