The Federal Reserve may appeal U.S. District Court Judge Richard Leon’s interchange debit decision by arguing the judge gave undue weight to opinions of Senator Richard Durbin (D-Ill.) when evaluating the regulation.
The credit union industry has been rocked by unexpected leadership changes recently, including Kyle Markland, who resigned Aug. 30 as president/CEO of the $1.6 billion Affinity Plus Federal Credit Union in St. Paul, Minn., after 16 years at the helm (see story, page 17), and Harry Ovitt, who was killed...
Help for error-prone Excel spreadsheets that pose challenges with data integration, reports.
When it comes to serving the needs of busy small business owners, some credit unions are having a hard time keeping up with their bank competitors in key areas.
Paul Trylko says he's given no thought to the historic credit union fact that he is the first chairman of the newly formed Cornerstone Credit Union League.
Use it not, compliance with proposed FFIEC guidance would be mandatory, CU Times webinar speaker notes.
CUSOs trying to choose between a strategy of diversification or specialization may find there is no wrong answer.
Credit unions and other housing finance lenders face an economic pinch as rising interest rates squash demand for refinanced mortgage loans while demand for purchase money loans still struggles to grow.
The 1,500-member, $2 million Stark Metropolitan Housing Agency Federal Credit Union in Canton, Ohio filed a lawsuit Aug. 27 against its legacy sponsor, accusing it of breach of contract according to documents file in Stark County Common Pleas Court in Canton, Ohio.
For the first time, the National Credit Union Foundation has recognized the careers of four individuals in one year.
Many years ago, I learned deceit doesn’t pay. Not for me, at least. I’m a what-you-see-is-what-you-get kind of person. That straightforward quality makes me a great reporter, but I’d be a lousy politician. I can’t lie to save my life—just ask my mother, or all the traffic cops who have...
The NCUA and CFPB have placed more emphasis on Fair Lending laws and HMDA data collection in 2013, and credit unions can expect more in 2014.
When done well, loan participations spread income making opportunities to the buyers and provide funds for the sellers to serve more members.
You may have heard rumblings about the credit union tax exemption being up for debate yet again. It’s a debate we’ve seen before and a cause we’ve defended before. Unfortunately, the so-called controversy never really left us. Time and again, banks have tried to use the argument that credit unions...
If a picture is worth a thousand words, a video might be considered a novel.
After 16 years, Kyle Markland suddenly resigned as president/CEO from the $1.6 billion Affinity Plus Federal Credit Union on Aug. 28. Markland took the helm of the St. Paul, Minn.-based credit union in December 1997.
The NCUA announced Aug. 30 it filed a suit in Federal District Court in Kansas two weeks earlier against another Wall Street firm that the regulator said sold faulty mortgage-backed securities to failed corporates U.S. Central Federal Credit Union and Western Corporate Federal Credit Union.
A former assistant accountant for the $60 million WesTex Federal Credit Union in Lubbock, Texas, will spend 37 months behind bars and pay restitution of $690,000 for embezzling an estimated $500,000 from a branch of the credit union.
The $861 million, 59,000-member CFCU Community Credit Union of Ithaca, N.Y., recently announced the selection of Jim Struble as the organization’s new vice president of sales and service. Struble has spent the last five years at the $635 million, 50,000-member Mayo Employees FCU in Rochester, Minn., where he most recently...