Page 11 - Cuj Content News Today

The Austin-based credit union chose its chief strategy officer, Michael Ver Schuur, to be its next president and CEO.

In this month's roundup of American Banker's favorite stories: Development of central bank digital currencies gains momentum, ongoing lawsuits against JPMorgan Chase and PNC address the banks' liability and more.

The Virginia Beach-based credit union recently launched Chartway Ventures to invest in fintechs and other organizations.

First Central Credit Union in Waco, Texas, agreed to purchase the branch and various assets from the bank, which is refocusing on its Harris and Tyler County markets.

The National Credit Union Administration has held the rate cap for loans issued by federally-chartered institutions in place since 1987, despite recent calls to raise it.

Interest rates, liquidity and credit are among the National Credit Union Administration's top concerns.

State-chartered credit unions say their fields of membership are too narrowly defined. Rather than convert to federal charters, they are backing a bill that would provide greater reach.

The $1.4 billion-asset credit union said John Roemer officially became its new leader Jan. 23.

Caren Gabriel, who joined the credit union in 1985 as a staff attorney and became president and chief executive in 2004, will be succeeded by executive vice president and chief operating officer Matt Jernigan on April 8.

The National Credit Union Administration put Valwood Park Federal Credit Union into its care this month, citing concerns of unsafe and unsound business practices.