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Some credit unions decide to shut down branches while others remain open.
Fed report shows credit unions making meager, below-average portfolio gains for both major consumer loan categories.
The OIG determined the loss accumulated over 26 years because of financial statement fraud perpetrated by the former CFO but not for his personal gain.
Credit unions are expected to prioritize embedded finance, agile technological ecosystems and data aggregation this year.
Smith will become the third CEO in the credit union’s history.
Credit union operations are being affected by intermittent power outages, evacuations and emergency alerts.
The scheme’s alleged ringleader, Kevon Northover, is charged and ordered to be held in custody without bail.
The organizations file an amicus brief supporting a lawsuit filed by America’s CUs and others last month.
Four priorities highlighted include credit risks and cybersecurity.
It is the first credit union in the state to launch the Federal Reserve’s FedNow service.