The proposed buyout by GFA Federal Credit Union of a troubled New Hampshire savings bank continues to generate industry interest but with a pivotal question: Can the credit union and bank clear the legal hurdles with the NCUA, the Comptroller of the Currency and the FDIC.
If credit union members want to use a prepaid debit card and cannot get one from their CU, they may head to a community bank.
Community banks trade group includes focus on credit union tax exemption,
Continuity Control, a provider of automated compliance services to credit unions and community banks, said it has handled 64 regulatory changes since the beginning of the year.
Community Choice CU in Michigan said it plans to use an online bill pay platform to help it meet its commitment to serving business relationships.
Philadelphia credit union using new platform from fiVISION.
Three months after the backlash grew when Bank of America attempted to levy a monthly debit card usage fee to spawn Bank Transfer Day, the financial institution is not saying whether the nationwide effort had an impact on any account closures.
New director Richard Cordray holds first field hearing, followed by session with credit union leaders, in Birmingham, Ala.
BofA is not releasing any details on whether it experienced any account closures during the fourth quarter or around BTD.
Callahan & Associates named Omaha businessman Sean Hession as the new president/CEO of the analytical services and data provider. And the firm said it is “transitioning ownership of the company to its management team.”