New agreement represents a decrease in CUNA Mutual's advocacy and marketing support for U.S. leagues.
Dave Adams, president/CEO of the Michigan Credit Union League & Affiliates, said any speculation that CUNA Mutual Group is planning to cut revenues to the state leagues and their league services corporations, is “completely false.”
Sources provide conflicting reports regarding CMG's alleged announcement of cuts to CUNA, leagues and other affiliate organizations.
CUNA Mutual, the NCUA and trades respond to the CFPB's announcement it will review checking account screening procedures.
The CFPB will review how credit unions use reporting agencies to screen members when they open a checking account.
Credit unions took different approaches to address advisories about Internet Explorer vulnerability.
Hackers are using an IE vulnerability to hack into computer systems; patches are available.
After 75 years of offering it to credit union members nationwide, CUNA Mutual Group is bringing an end to one of its landmark products: Life Savings Insurance.
The suit against the $965 million Black Hills Federal Credit Union and CUNA Mutual alleging improper increases in credit life disability insurance rates was remanded Aug. 14 by the South Dakota Supreme Court back to a lower court to be tried as a class action suit.
Class action status also ordered in case over alleged unauthorized change in credit life disability insurance rates. Insurer pays $116,000 fine.