Credit union advances one more step toward what is becoming a trend: credit unions buying banks.
The Consumer Financial Protection Bureau's online complaint database should be expanded to include all of the nation’s credit unions and banks, regardless of size, according to National Community Reinvestment Coalition analysis released Oct. 8.
Federal banking regulators, including the NCUA, are proposing a rule aimed at encouraging flood insurance customers to buy private flood insurance.
The African-American Credit Union Coalition said it “unequivocally supports” NCUA’s proposal to create a Minority Depository Institution preservation program.
Second Federal Credit Union opened its doors in Chicago Sept. 21, assuming the footprint of a 130-year old failed thrift.
The NCUA and other federal agencies said Sept. 24 that reporting suspected elder financial abuse does not generally violate privacy law.
Organization says it has raised about $3,500 toward goal of nearly $1 million.
NCUA joins fellow agencies in issuing guidance under Gramm-Leach-Bliley that allows financial institutions to report suspected fraud against elderly.
More details about the opening of Second Federal Credit Union in Chicago have come to light.
Governor, attorney general, NCUA Board member welcome re-opening of a small banking office that has served Chicago neighborhood for 130-plus years.