April 12th, 20180105The Credit Union National Association recently named a new Chief Financial Officer.
Eddie Rivera, CUNA's former Vice President of Finance and Controller, brings more than 24 years of experience in financial industry management "and has demonstrated himself as a strategically focused leader who embraces change and fosters an environment that pushes for constant growth," according to a CUNA press release. Rivera also has demonstrated good working relationships with CUNA's internal departments and external partners.
"Eddie exemplifies CUNA's core values and we are excited that he has accepted the full-time role of CFO," said Jim...
April 10th, 20180108A kids' show funded exclusively by credit unions and affiliates from across the country was recently nominated for a National Daytime Emmy Award for Outstanding Writing in a Children's Program for Season 6 by the National Academy of Television Arts & Sciences.
Biz Kid$ is a show within the Biz Kid$ program, which is designed to engage young people, helping them develop life skills in the areas of financial literacy and entrepreneurship. The initiative includes a free classroom curriculum, outreach activities, a website targeting kids ages 9-16 and the television show — which has already won two Emmys.
"This is such an honor for...
March 27th, 201845567This article was written by Sara Watkins for GCUA.
When Eloise Woods was young, she was involved in a terrible car crash that left her in a body cast through most of high school. Doctors said she would never walk again. To those whoknew her, it came as no surprise that through sheer determination and hard work, she proved those doctors wrong.
Eloise didn’t just walk, she took off. She catapulted into the Georgia credit union world and left a well-worn path for women in the workforce who came behind her. As the first woman named CEO of a Georgia credit union, she was decades ahead of her time. Remembered as a pioneer in the...
March 23rd, 20186114The Atlanta Business Chronicle recently addressed state-wide support for S. 2155, which passe the U.S. Senate on March 14.
The bill would reduce regulations imposed by the Dodd-Frank Act that Congress imposed in 2010 following the economic crisis.
The ABC's article quotes Georgia Credit Union Affiliates CEO and President Mike Mercer explaining the bill would recognize that different categories of banks and credit unions should be regulated differently.
"The regulatory relief this bill provides is a major step forward in moving away from a system that treats credit unions and community banks the same as the biggest banks," Mercer...
March 15th, 20183102The Senate provided a victory for credit unions when it passed the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act Wednesday.
S. 2155 rolls back certain aspects of the 2010 Dodd-Frank Act, which was established to police the financial services industry after the financial crisis. Broadly, the new bill would ease burdens on community banks and credit unions, which are currently treated the same as large financial institutions under Dodd-Frank.
"The regulatory relief this bill provides is a major step forward in moving way from a system that treats credit unions and community banks the same as the biggest...
March 13th, 20180284The Senior Vice President of Branch Delivery and Operations at Delta Community Credit Union has been elected chairman of the American Credit Union Mortgage Association Board of Directors.
Pam Davis has more than 20 years of experience in credit union real-estate lending and will serve a two-year term as ACUMA's chairman. She succeeds Mark Wilburn, senior vice president and chief lending officer at Truity Credit Union in Bartlesville, Okla.
ACUMA provides resourcs and education to credit unions aimed at streamlining performance, processes and procedures for real estate lending services, according to a CUInsight article.
"ACUMA...
March 9th, 201848157A credit union from Glasgow recently visited Peach State Federal Credit Union for educational purposes.
NHS Credit Union considers Peach State FCU a partner.
"We now look forward to welcoming our Peach State partners back to Glasgow to show them more of what this city has to offer," NHS CEO Robert Kelly said in a Glasgow Chamber of Commerce article.
The Scottish credit union members also visited CUNA's GAC Conference in Washington D.C. on their trip to the U.S.
"We had the chance to see how the world leaders from the credit union industry went about their business, develop connections that will prove invaluable and listen to...
March 9th, 2018097The following is an opinion article written by Georgia Credit Union Affiliates CEO Mike Mercer.
In Georgia, credit unions and community banks help our communities thrive. In those communities the primary lenders are credit unions and community banks. But the local financial institutions are facing challenges brought on by Washington bureaucrats. Now's the time to loosen the regulatory restrictions that are limiting their ability to help their communities.
That's why a group of Senators from both sides of the aisle have put together a common-sense piece of legislation that delivers on what it promises: to better allow credit union...
March 1st, 201826103The Credit Union National Association took issue with a number of points in a letter retailers recently wrote to Congress concerning data breaches.
"Retailers are attempting to push back against strong national data security standards, despite a lack of such standards causing major data breaches that bring additional costs to credit unions," according to a CUNA press release.
CUNA said the retailers' letter claimed NCUA's requirements on financial institutions were "not mandatory." But the industry has been subject to heavy regulations and strict standards spelled out in the Gramm-Leach-Bliley Act, enacted in 1999.
"NCUA and other...
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