First New York Federal Credit Union, Colonie, N.Y., welcomed James Alescio as the company’s controller. Alescio is a graduate from Bentley University with an accounting degree. Before joining First New York, he worked at Trinity Alliance of the capital region and brings 15 years of banking experience to the credit...
From East and West, Midwest and South, credit union people in the news.
More than 80% of small business loans made by SBLF participants were made in amounts of $250,000 or less, according to the Treasury Department.
If John Worth worked at the United Nations, he might be helping delegates understand a language that is quite different from their native tongues.
Now comes the hard part. As tumultuous as the House subcommittee hearing on raising the cap on member business lending was, the really difficult battle will take place in the months ahead.
Community banks awarded millions of dollars for small business lending
Compliance burdens are piling up, CUNA notes in request to Fed to delay June 16 imposition of new rules.
If a journey of 1,000 miles does begin with one step, then NCUA Chairman Debbie Matz's letter to Congress on supplemental capital could be the beginning of a long trip.
Taking another step toward the elimination of checks, the Treasury Department today announced it is making tax refunds available via debit cards for individuals who don't have bank or credit union accounts.
Although the funding process is nowhere near complete, it appears that fewer than 100 credit unions may wind up receiving any money from the U.S. Treasury's Troubled Asset Relief Program.