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February 2019
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InfoSight Highlight: Information Sharing
Friday, February 8, 2019 7:00 AM

The USA PATRIOT Act, Section 314(b) permits financial institutions (after certain notice provided to the U.S. Department of Treasury) to share information with one another in order to identify and report to the federal government activities that may involve money laundering or terrorist activities.

Pending Regulatory Comment Calls
Friday, February 8, 2019 6:55 AM

The following table shows pending regulatory proposals quickly coming to deadline. Cornerstone and Credit Union National Association will be submitting comments. Credit unions are encouraged to use PowerComment to file comment letters with regulators

Ark. Insurance/Commerce Committee hears testimony on public funds
Friday, February 8, 2019 6:50 AM

Credit unions in Arkansas have been anticipating that Senate Bill 257 by Sen. Kim Hammer (R-District 33) concerning public funds, would soon be given a full hearing. Yesterday, the Senate Insurance and Commerce Committee did just that. 

Star of Texas CU Announces Selection of New President/CEO
Friday, February 8, 2019 6:45 AM

Star of Texas Credit Union has named Stephanie Sievers as its new president/CEO, effective Feb. 4, 2019. Credit Union Resources conducted the executive search for the $35 million credit union in Austin, Texas. 

Amplify CEO Paul Trylko Honored as Chamber Volunteer of the Year
Friday, February 8, 2019 6:40 AM

Amplify President and CEO Paul Trylko has been named a 2018 Chamber of Commerce Volunteer of the Year. 

Unity One CU donates 1,600 hours and $23,000 to local communities
Friday, February 8, 2019 6:35 AM

People helping people. It’s not only one of the most important philosophies of the credit union movement, but one that Fort Worth-based Unity One Credit Union has fully embraced year in and year out. Through community and SEG partnerships, Unity One employees have given back more than 1,600 hours of service and nearly $23,000 in their local communities as of year-end 2018. 

Senate Banking Committee to hear from NCUA nominees Feb. 14
Friday, February 8, 2019 6:30 AM

The Committee on Banking, Housing, and Urban Affairs will meet in open session next week to conduct a hearing on the nominations of Todd M. Harper and Rodney Hood to become members of the National Credit Union Administration Board.

Autos drive credit union lending
Friday, February 8, 2019 6:25 AM

Auto lending at U.S. credit unions was relatively robust in the third quarter, despite rising interest rates and slowing growth in the loan portfolio.