News

KCUA report shows first-quarter growth in average member relationship, year-to-year member growth.

The $1.2 billion Municipal Employees Credit Union of Baltimore said it paid $1.5 million to members on June 30.

Bureau issues semi-annual update that includes working on integrating federal mortgage disclosures.

The display case holding the American flag has a place of honor at the $265 million Sooper Credit Union branch in Grand Junction, although members are quite often surprised when they spot it in the lobby.

The Consumer Financial Protection Bureau proposed some tweaks and clarifications to its January 2013 mortgage rules on June 24, addressing some credit union concerns.

Sens. Mark Warner (D-Va.) and Bob Corker (R-Tenn.) introduced legislation June 26 that would reform Americas housing finance system by replacingthe government-sponsored enterprises Fannie Mae and Freddie Mac with a privately capitalized system.

Catholic Federal Credit Union, Saginaw, Mich., recently awarded $123,000 to 295 students with its Msgr. Forbes Scholarship Fund. The college scholarships are open to members of the credit union who meet the criteria based on financial need, community involvement, educational and occupational goals, grade point average and other requirements. ...

Ask credit union CEOs what keeps them tossing and turning at night, and odds are the answers will focus on a growing flood of regulations and compliance issues.