The $16.8 million Firestone Financial Services CU in Anaheim, Calif., has merged with the $723 million Credit Union of Southern California in Brea, Calif.
The Financial Accounting Standards Board is getting an earful from credit unions and trade associations. Even NCUA Chairman Debbie Matz, like others, is concerned about the accounting board’s exposure draft that would require financial institutions to base loan-loss allocations on expected losses, rather than incurred losses. In addition to requiring...
Deadline is Friday and 62 of 153 comment letters posted so far are from credit unions concerned about proposed ALLL changes.
PowerComment.org provides information on new regs and the ability to comment online before they become final.
Bill pay functionality extended to Apple and Android devices.
Jim Adamczyk can remember receiving an increase in calls from banks interested in FAIRWINDS Credit Union’s auto loan portfolio. That was as recent as 2010, said Adamczyk, executive vice president of lending, for the $1.7 billion cooperative in Orlando, Fla.
Two Silicon Valley credit unions, the $207 million National 1st CU of Sunnyvale and the $140 million San Jose CU, are planning a merger.
Western Federal Credit Union is the latest to sign on with cuautocoupon Inc.
With the economy creating new norms, marketing departments have had to adapt accordingly.
CUSC said planned addition of the $60 million North Orange County CU would bring assets to $670 million after two others approved.