Washington Gov. Jay Inslee signed a new law Monday that gives state-chartered credit unions the option to pay board members.
Hope Credit Union of Jackson, Miss., participates in the state’s college savings account program.
Measure would make Washington the 11th state to allow board member pay.
Nine of 10 most expensive events were in the United States, including $35 billion from Sandy and largest drought claims ever.
State-chartered credit unions in Volunteer State can now pay volunteers.
When it comes to underwriting consumer loans, some community development credit unions have found success by looking at other factors besides credit scores.
Mississippi insurance commissioner makes that observation, while FEMA says agency continues to eye NFIP privatization.
William Bynum, CEO of the 28,000 member, $161 million Hope Federal Credit Union, believes the Jackson, Miss.-based credit union’s new mobile app is the first step in what he and the credit union foresee as an effort to make widespread banking and financial management solutions available to lower income people...
FactorTrust CEO Greg Rable says question is whether credit unions can afford not to serve the financially underserved.
Measures go before House, Senate panels in Olympia; supplemental capital proposals dropped from bills.