Parts of a proposed Federal Reserve regulation that would require credit unions to reduce the hold time on certain checks could increase the incidents of fraud and threaten safety and soundness, according to letters from CUNA, NAFCU and several credit unions.
Changes would let NCUA help to a troubled credit union or a credit union acquiring one to count as regulatory net worth.
SAN FRANCISCO — The biggest players in financial services technology right now might be Google and Facebook. That’s what it felt like at times at the Finovate Spring 2011 showcase last week at the San Francisco Design Center Concourse.
To prepare for possible action in Congress on delaying the Federal Reserve’s interchange rule, credit unions redoubled their grassroots efforts on the issue during the recent recess.
With a new Facebook ad entitled “VCU in the Final Four,” the $2 billion Virginia Credit Union of Richmond wasted little time Monday in joining in the celebration of the underdog Virginia Commonwealth University Rams basketball team winning a “Final Four” berth in Sunday’s NCAA championship game.
Holy Rosary Credit Union, Rochester, N.H., announced the promotion of Debbie Smith to senior loan officer. Smith began her career with the credit
Virginia Credit Union has teamed up with the Richmond Public Library to offer a series of financial education seminars.
Virginia Credit Union members and employees are mourning the loss of retired president Dorothy J. Hall, who died this week at the age of 79.