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24 May 2016, 9:32 am by Sherin and Lodgen
Proposed changes to NCUA’s rule on federal credit union (FCU) ownership of real estate and to the Massachusetts credit union parity rules, promise to open new areas of credit union investment in real estate as an ancillary business line. [read post]
29 Aug 2014, 3:32 pm by Nicole Kellner-Swick
For example, if your credit union is sued and your statutory agent is either unable to be served at the address provided or otherwise unable to be served an adverse judgment an order can be entered into against the credit union. [read post]
29 Aug 2014, 3:32 pm by Nicole Kellner-Swick
For example, if your credit union is sued and your statutory agent is either unable to be served at the address provided or otherwise unable to be served an adverse judgment an order can be entered into against the credit union. [read post]
19 Jul 2017, 8:14 am by Daily Record Staff
The Upper Chesapeake Health Foundation has appointed Michael MacPherson, president/CEO of Freedom Federal Credit Union, to its board of directors. [read post]
24 Jul 2012, 6:36 am by Nicole Kellner-Swick
For risk-based social media consulting, credit union personnel may provide feedback such as: Consultant provided valuable information, especially for younger employees who have social media ingrained in their daily lives. [read post]
6 May 2011, 9:11 am by Nicole Kellner-Swick
  Signs inside the premises of credit unions also are exempt from certain requirements, provided the APY is used and that such signs tell members to contact the credit union for more details. [read post]
26 Jul 2023, 9:21 am by Anita Edwards
Clarifications of the PRA’s expectations with respect to credit unions that provide mortgages. [read post]
8 Jan 2024, 9:00 am by Ortiz Law Firm
The Disability Claim Process for Navy Federal Credit Union Employees Filing a Disability Insurance Claim When filing a disability insurance claim through Navy Federal Credit Union, completing all necessary paperwork accurately and thoroughly is essential. [read post]
21 Mar 2022, 9:35 am by Matthew A. Morr
  The credit unions that entered into the AODs are Ent Credit Union, Premier Members Credit Union, and Credit Union of Denver. [read post]
8 Aug 2013, 2:00 am by Nicole Kellner-Swick
The Regulatory Relief for Credit Unions Act would: Allow the credit union’s prudential regulator, the National Credit Union Administration (NCUA), to grant federal credit unions a waiver to follow a state rule instead of a federal one in certain situations; Establish a risk-based capital system for credit unions akin to that of other depository institutions; Authorize the NCUA to step in where appropriate… [read post]
17 Aug 2015, 6:06 am by Nicole Kellner-Swick
As a general matter, most credit unions should have the right to set off funds in either of these scenarios if the proper language is provided in their account agreement and loan documents. [read post]
7 Mar 2023, 8:45 am by Hunton Andrews Kurth LLP
On February 16, 2023, the National Credit Union Administration (“NCUA”) Board unanimously approved a final rule requiring federally insured credit unions (“FICUs”) to notify the NCUA as soon as possible, within 72 hours, after an FCIU “reasonably believes” that a reportable cyber incident has occurred. [read post]
20 Jun 2021, 7:49 am by Sabrina I. Pacifici
About a quarter of census tracts with a post office don’t have a community bank or credit union branch, suggesting postal banking could provide a financial lifeline to the millions of Americans without a bank account, according to our new research by Terri Friedline, University of Michigan and Ameya Pawar, University of Chicago. [read post]
2 Mar 2012, 4:10 am by Brian Wolfman
More than 1.3 million Americans opened new credit union accounts last year, up from less than 600,000 in 2010, the National Credit Union Administration reported. [read post]
21 Jan 2018, 1:38 pm by Adam Bednar
Credit unions in Maryland are counting on their focus on members to provide a leg up in the face of ever-increasing competition from national banks, consolidated regional players and new internet ventures aiming to disrupt the industry. [read post]
2 Dec 2016, 1:46 pm by Daily Record Staff
Tower Federal Credit Union opened its newest branch Friday at 25 Magothy Beach Road in Pasadena with a grand-opening celebration that featured a $2,500 contribution to Providence Center, an area center dedicated to serving those living with disabilities. [read post]
30 Jun 2017, 9:01 am by Elizabeth A. Khalil
Colorado offers the additional benefit of being among the few states to provide a mechanism for allowing state-chartered credit unions to obtain share insurance (comparable to FDIC deposit insurance for banks) from a private insurer rather than from the National Credit Union Administration (NCUA). [read post]
30 Jun 2017, 9:01 am by Elizabeth A. Khalil
Colorado offers the additional benefit of being among the few states to provide a mechanism for allowing state-chartered credit unions to obtain share insurance (comparable to FDIC deposit insurance for banks) from a private insurer rather than from the National Credit Union Administration (NCUA). [read post]
15 Aug 2014, 7:00 am by eberger14
Jun, Attorney Credit union leaders are faced with the task of executing on their missions of providing superior and innovative financial solutions to its members. [read post]