December 21st, 20170129
The tax reform bill expected to pass through the House and Senate this week won't touch the credit union tax status, according to a Credit Union National Association article.
>> Related: Tax bill expected to pass through House, Senate this week<<
"Credit unions said loudly and repeatedly throughout this process that any change to the credit union tax status amounts to a direct tax increase on 110 million Americans, and that message was heard loud and clear," said CUNA President and CEO Jim Nussle. "With tax reform out of the way, CUNA will increase its advocacy to turn the attention on much needed regulatory relief...
December 20th, 20170162Elderly and disabled residents in central Georgia will have a jollier Christmas thanks to Robins Financial Credit Union.
Robins Financial employees recently created 55 Christmas gift boxes for donation to the Meals on Wheels of Houston County's "Shoeboxes for the Elderly" program. The packages contained candy, games and personal care items.
The employees will donate their package to Meals on Wheels along with a special meal for Christmas day.
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December 8th, 20170160Robins Financial Credit Union is getting the entire community into the holiday spirit this month with their 25 Days of Holiday Giving.
The Warner Robins-based credit union selected 25 different organizations throughout their count radius. Throughout the first 25 days of December, the credit union will give each organization a monetary donation to help with their Christmas celebration.
Here were the organizations that received donations during the first week:
December 7th, 20172217Kinetic Credit Union recently selected a new CEO.
Mark Littleton, 47, will fill current-CEO Janet Davis' spot after she retires at the end of January, finishing a 40-year career with credit unions. Littleton will become CEO effective Feb. 1, 2018, according to CU Today.
"Mark was the unanimous choice of the selection committee from a pool of highly qualified candidates," Kinetic's Board Chairman Ron Hinze said in a statement. "The board was impressed with his passion for Kinetic and the commitment to the credit union philosophy of bettering members' lives."
Littleton currently serves as the $395-million credit union's vice...
December 6th, 20171130The Senate Banking Committee passed regulatory relief bill Tuesday morning that could provide significant lending relief to credit unions, according to the Credit Union National Association.
The Economic Growth, Regulatory Relief and Consumer Protection Act passed the committee with a vote of 16-7 Tuesday following a markup that morning.
"This bipartisan regulatory relief package is an example of what we can achieve when we work together," said Senator Joe Donnelly (D-Indiana) in a Senate press release. "The proposal would provide long-awaited regulatory relief to community banks and credit unions unintentionally burdened by rules...
December 5th, 2017097Robins Financial Credit Union made a difference in the lives of families with critically ill or injured children recently.
The Warner Robins-based credit union made a $4,000 donation to the Ronald McDonald House's 365 Day Society, which houses families with hospitalized children. A contribution of $1,000 to the Society covers the cost of operating the home for one day, according to a Robins Financial press release. While at the house, the families are given meals and an opportunity to connect with other families facing similar situations.
Robins Financial staff also volunteered to help at the house, working in four different shifts...
December 4th, 201726117Credit unions' special tax status appeared to be in the clear as both the Senate and House passed their tax reform bills recently.
>> Related: Senate passes tax bill; stock market reaches record highs <<
The House passed its version of the bill in November. The Senate voted in favor of the Tax Cuts and Jobs Act early Saturday morning. Neither version of the bill proposes ending or changing the tax exempt status enjoyed by federally and state chartered credit unions.
"Both chambers of Congress have now passed tax reform bills without proposing any change to the credit union tax status, true evidence that both sides...
November 30th, 20171071The National Credit Union Administration recently awarded Peach State Federal Credit Union a grant to help it improve the financial health of people in under-served areas.
Peach State was one of 23 credit unions to receive $536,000 in Underserved Outreach Grants, money that's meant to help credit unions develop strategies to increase outreach in areas that need it most. The grant is also meant to drive positive business results.
Peach State is based in Lawrenceville, Ga. For more information, visit https://peachstatefcu.com/.
November 30th, 201727147Three Georgia credit unions received national honors from the Credit Union National Association on Wednesday.
CUNA’s National Awards Committee announced the credit unions that won their Maxwell Social Responsibility Community Service Awards, Louise Herring Philosophy-in-Action Member Service Awards and Desjardins Awards for Financial Education. The winners of each award were selected from among top entries at the state level in categories based on their asset size.
Health Center Credit Union, based in Augusta, won second place in the Louise Herring award among credit unions with $50 million to $250 million in assets.
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