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Credit union groups paranoid DOJ could change its mind and reverse guidance that allows accounts for state-legal marijuana businesses.
Despite guidance from FInCEN and the DOJ, legal hurdles remain for state-legal marijuana business accounts.
From East to West, Midwest and South, credit union people in the news.
Two of three new board members are incumbents. Incoming chair is Teresa Freeborn of Xceed Financial.
First Heritage Federal Credit Union, Painted Post, N. Y., has named Frank D. Vassallo chief financial officer, responsible for financial analysis and operational oversight of accounting, compliance, collections, electronic funds transfers and Visa departments. Before joining First Heritage, he was CFO for Bank-Fund Federal Credit Union. While there, he supervised...
Spokane, Wash., credit union goes with IT-Lifeline for vaulted DR and compliance tools.
Around the country, credit unions have been jumping on the mobile app bandwagon for the past few years, but has the hoopla actually started to pay off in terms of more revenue?
The $1.2 billion Numerica Credit Union in Spokane, Wash., is now using an automated software program to help jump into commercial and industrial lending, an area of untapped potential for many credit unions, the credit union said.