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January 23, 2015

CU support helps drive Va. prize-linked savings bill

CU System
With the support of state credit unions, a prize-linked savings bill passed the Virginia House of Delegates Wednesday by 97-0 vote. ReadMore

3Q membership growth outpaces Pa. population rate

CU System
Pennsylvania credit unions reported stronger membership and loan growth in the third quarter as well as solid earnings, high asset quality and increased capital ratios, according to the Pennsylvania Credit Union Association. ReadMore

1 suit vs. Home Depot becomes 2: Judge separates consumers, FIs

CU System
Similar to how the data breach case against Target is being handled in Minnesota, a federal judge in Atlanta peeled financial institutions and consumers apart in their class action lawsuits against Home Depot for its role in the massive data breach to hit its stores last year. ReadMore

Savings more attractive to consumers in 2015, says America Saves

CU System
Consumers are more committed--and capable--of putting money into savings this year, according to America Saves' Personal Savings Index. ReadMore

N.Y. league surveys Cuomo's remarks for CU opportunities

CU System
The New York Credit Union Association closely monitored Gov. Andrew Cuomo's State of the State address Monday, paying particularly close attention to his property tax program, which incentivizes local governments to keep property taxes below the proposed cap. ReadMore

Northern Eagle FCU sees healthy growth in 1st year

CU System
Northern Eagle FCU, developed last year to serve members of the Bois Forte Band of Chippewa in Minnesota, has accomplished a lot in its first year of operation. ReadMore

Ga. CU advises how to beat fake check scams

CU System
Love hurts. Though in the case of one South Carolina resident, it can also hurt financially. ReadMore

CU System briefs (1/23/15)

CU System

CONCORD TOWNSHIP, Ohio (1/23/15)-- A restaurant in Concord Township, Ohio, is being auctioned after being forfeited by its owner who has been connected to the 2013 collapse of  Taupa Lithuanian CU, Cleveland ( The Plain Dealer Jan. 22). John Struna, 52, pleaded guilty to conspiracy to commit bank fraud, b


News Now LiveWire
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
1 day ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now:
1 hour ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
1 hour ago
.@politico reports Democrats haven't picked the city yet, but their 2016 convention will be held the week of July 25.
1 hour ago
.@cuna, @DCUC_HQ urge @CFPB to exempt #CUs from changes to Military Lending Act rules cuz CUs aren't part of the targeted problem. NN Monday
3 hours ago