Page 6 - Cuj Feature News Today

Firms under $1 billion of assets that never had a chief risk or credit officer, for example, are creating these roles — and in some cases filling them with executives who were displaced by a merger at their last employer.

The National Credit Union Administration proposed a rule that would, among other changes, allow remote workers to join credit unions in their employer's market.

Community Financial Credit Union is partnering with the hosts of "Bargain Block" to renovate low-cost homes and help prospective buyers qualify for their first mortgage.

The National Credit Union Administration said 28 credit unions in North Dakota have failed to provide proof that they have a legal right to nearly $14 million related to the Corporate Stabilization Program.

For Members Only Federal Credit Union in Chicago, which was founded by the African American sorority Alpha Kappa Alpha, is focused on helping members build generational wealth.

Credit unions like to boast that they offer lower rates than banks, but many are bucking that trend to boost liquidity and offset other costs.

Ivan Diaz, a former member service representative who led the unionization campaign for staff of the South Division Avenue branch last year, was fired on Feb. 1. He alleges his role in the campaign is the true cause of his dismissal.

This year likely won't match 2022's heights, but executives expect loan growth to remain solid.

Greenville, in particular, is attracting financial institutions enticed by its growing population and healthy business climate.

Yolo Federal Credit Union has served only Yolo County, which has 221,000 residents, since 1954. It's now able to reach Sacramento County, which has 1.6 million people.