Page 38 - Cuj Content News Today

Credit unions with less than $100 million of assets are seeing their loans and membership counts shrink. M&A may be the only option for such institutions, which run on skeleton crews and have few options for cutting costs.

Banking and credit union regulators are expected to respond to a White House call to root out discrimination in the predominantly white appraisal business. They will likely step up enforcement and data collection, reclaiming authority long ceded to the industry's governing body.

Though it's one of the largest U.S. credit unions at $15 billion of assets, the organization still works with a number of fintechs to live up to its name.

Jason Osterhage was most recently executive vice president and chief operating officer of Texas Dow Employees Credit Union in Lake Jackson, Texas.

Municipal is one of two credit unions to be released from conservatorship this year. It's no small feat — the last time it happened was in 2016 — but the National Credit Union Administration may have a hard time preventing other troubled institutions from being shuttered or acquired.

The funds will help the Podolsk Regional Development Agency supply refugees of the Russian invasion with basic necessities such as food and water.

The bill, designed to enhance branch safety, was passed as part of the $1.5 trillion omnibus spending package signed by President Biden.

Amid concerns that fees for overdrawn accounts lead to financial exclusion, the National Credit Union Administration is focusing its attention on such policies this year.

Emma Hayes, who is also the chief diversity officer for the African American Credit Union Coalition will take the lead on programs to further diversity, equity and inclusion for the Raleigh, North Carolina, credit union.

The deal for Horizon Community Bank in Arizona is the fifth instance of a credit union agreeing to buy a bank this year, and the second such deal for the Phoenix credit union, which bought Pinnacle Bank in 2019.