Jeff Schwalen, retiring president/CEO of Hiway FCU, receives Minnesota Credit Union Foundation Credit Union Builder Award
BOSTON — The Consumer Financial Protection Bureau’s qualified mortgage rule that limits closing costs to 3% of the loan balance will have such a big impact on Midwestern credit unions, one Minnesota-based executive said he’d lose money if he complied.
Fred Becker's health scare, risk-based net worth rule, impact of merger rule and more ... check out the bottom lines here.
Here are photos from the action on Wednesday at NAFCU's 46th Annual Conference in Boston.
BOSTON — Minnesota CEO Jeff Schwalen says he loses money on smaller mortgages because of 3% closing costs limit.
Veteran CIO succeeds retiring Jeff Schwalen at $918 million Minnesota institution.
To help promote increasing business lending access, Minnesota credit union representatives traveled to Washington, D.C., for a Hike the Hill event.
Minnesota Credit Union Network says 83 credit unions there also have sworn off debit card fees "as long as market conditions allow."
The Minnesota Credit Union Network recently welcomed participants of the International Visitor Leadership Program to its St. Paul office.
Minnesota CU members not showing much impact from government shutdown - yet.