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The National Credit Union Administration's member business lending proposal remains open for comments until Monday, Aug. 31. Bankers are well aware of this deadline too, and they're making the most of it. We must counterbalance their off-base complaints about the beneficial aspects for credit unions in this proposal.
In lieu of taking a floating holiday, a group of Texas Trust Credit Union employees pooled money from their paychecks and donated it to Children First Counseling Center. A check for $5,812.64 was donated to the non-profit, which is one of a few agencies in North Texas that provides "play therapy" for abused children.
Recipients of the “Funding the Future” Scholarship Program at Dallas Credit Union have been announced, with three recent high school graduates named. Brooke Wilson, Mayra Cardenas, and Madeline Oles each received $1,000 toward their college expenses for the 2015-16 school year.
During the first half of the year, consumers in the U.S. generated 39.58 billion purchase transactions for goods and services at merchants using their cards. The average transaction size was $67.49.
For credit unions to remain competitive in the future, they must offer the types of products and services that young members demand, Brian Branch, World Council of Credit Unions president/CEO, said in a recent blog post.
Recently updated examination procedures from the National Credit Union Administration are intended to strengthen safeguards for data received electronically during an examination.
Credit Union Resources is still giving $1 to each chapter for every person in that chapter who updates his/her profile and chapters are earning big bucks. Since the profile update campaign began on April 1, more than 1,600 people have updated their individual profile, which translates to $1,600 toward the chapters in which those individuals belong.
CEOs and key management staff always look forward to the annual Managers Roundtable to share best practices and strategies. This year's event takes place in Branson, Missouri, Sept. 23–25 at the Hilton Promenade at Branson Landing.
Cornerstone Credit Union League is hosting a T3 (Train-the-Trainer) Roundtable on Wednesday, Sept. 9, at the Marriott RiverCenter in San Antonio, Texas. In addition to training and events expert Tamra Fairbrother, the six-hour event features training professional and consultant Zack Merrill.
Now is the time to submit your comment letters regarding National Credit Union Administration's proposed member business lending (MBL) rule. With the onslaught of banker's letters protesting its benefits for credit unions, we need to counterbalance the negative with the positive. The deadline for comments is Aug. 31.
Southwest 66 Credit Union has announced its certification by the US Treasury’s Community Development Financial Institutions (CDFI) Fund. Currently, there are only 808 organizations certified in the United States, including loan funds, credit unions, and community banks.
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