Wright-Patt lending chief says unintended consequences could result from new CFPB rules put on Fannie and Freddie.
Hirings, promotions, retirements.
ESL Federal Credit Union, Rochester, N.Y. announced the addition of John Cirella as business banking relationship manager. In his new position, Cirella will be responsible for identifying, developing and managing business banking relationships in the Greater Rochester area.
Douglas Fecher, president/CEO of the $2.45 billion Wright-Patt Credit Union told lawmakers last week to direct the Consumer Financial Protection Bureau to limit regulatory burden by using existing tools, such as the power to exempt credit unions from its rulemaking.
Ohio credit union CEO to testify to House panel on Tuesday.
Though actual results remain under wraps, CUNA said Wednesday its member retention program is bringing back credit unions that have quit the CUNA/league structure.
A CUSO that helps credit unions increase the number of purchase money mortgages has urged credit unions to consider housing finance less as the marketing of loan products and more as creating a leading sales channel.
For the first time ever, credit unions have originated more than 8% of U.S. mortgages originated in any given three month period, according to an analyst with Callahan and Associates.
Gen Y Back Talk columnist Natasha Chilingerian sheds some light on her generation. In this third part of six, she talks Gen Y's financial woes and products and services they want from their financial institutions.