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October 24, 2014

3 leagues merge to form Cooperative CU Assn. effective Jan. 1

CU System
Massachusetts credit unions voted unanimously to join with the credit unions of New Hampshire and Rhode Island in a merged credit union trade association. The result of that vote, together with similar votes taken earlier this month in New Hampshire and Rhode Island, means that the credit union leagues in the three states will merge to form the Cooperative Credit Union Association, effective Jan. 1. ReadMore

Mike Mercer recognized with NCUF's Wegner award

CU System
For his ground-breaking leadership, innovative contributions, personal commitment and unfaltering dedication to the advancement of credit unions, Mike Mercer, president/CEO of the Georgia Credit Union Affiliates, has been named by the National Credit Union Foundation as the recipient of a 2015 Herb Wegner Memorial Award for Lifetime Achievement. ReadMore

Prize-linked savings bill introduced in New Jersey

CU System
New Jersey Credit Union League-supported legislation to enable state-chartered credit unions and banks to offer prize-linked savings accounts has been introduced in the state Senate. ReadMore

NYT: States lift subprime lending protections

CU System
An Oct. 22 article in The New York Times details how lawmakers in eight states have voted to increase the fees or the interest rates that lenders can charge on certain personal loans used for subprime borrowers. ReadMore

Data, privacy take center stage at Cal./Nev. annual meeting

CU System
A lively discussion about "big data" and its use by credit unions was one of the highlights of the California and Nevada Leagues annual conference this week, as three industry leaders entertained and informed audience members about the subject. ReadMore

Cash isn't king anymore, Boston Fed reports

CU System
Cash registers may be running a little thin lately, as a new report shows that cash usage is continuing to drop, making way for the growing popularity of debit cards. ReadMore

New CU branch saves library

CU System
A new credit union branch is a welcome addition to every community, bringing access to well-priced financial services. But allUS CU's announcement of construction of a new headquarters this week was especially welcome because it also helped preserve a local library. ReadMore
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