Today may not look a lot different than yesterday to many people, but for mortgage lending credit unions and thousands of other lenders today is the day that the Ability-to-Repay/Qualified Mortgage lending rules go into effect. More
CUNA strongly supports the U.S. Department of Agriculture's efforts to establish a program directed at increasing lending in rural areas, and urged USDA to consider credit unions as a lending option as it revisits existing lending programs and develops new ones. More
Recent regulatory changes have created the need for most credit unions to re-evaluate their overdraft programs, John M. Floyd, chairman and CEO of John M. Floyd & Associates, recently told the Cornerstone Credit Union League. More
Small servicers, those defined as servicing 5,000 or fewer mortgages, are exempt only from portions of the Consumer Financial Protection Bureau's new Truth In Lending Act mortgage servicing rule that requires issuance of periodic statements for closed-end mortgage loans, the National Credit Union Administration reminded in a regulatory alert (14-RA-03). More
Alliant CU announced that ExpressJet, the world's largest regional airline, has signed on to offer its 9,000 employees access to the Alliant Financial Wellness Program. More
Cardinal Community CU, with $25 million in assets, Newark, Ohio, has taken the student-run branch to college. After opening a branch in a local high school in 2012, the credit union recently opened student-run branch at Lakeland Community College, Kirtland, Ohio. More
For Royal CU, it was simple--take 20 of its Facebook fans, add $10 to each and multiply by paying it forward. The equation was more than effective--it was overwhelming. More
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