Credit unions

PPP spotlights shortcomings in credit unions' small-business push

07/10/20

For all banks' claims that credit unions pose a threat to their commercial lending market share, they've accounted for just 2% of volume in the Paycheck Protection Program.

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Digital divide creating remote-work hurdles for banks, credit unions

07/08/20

The coronavirus pandemic has highlighted the issue of millions of Americans lacking access to high-speed internet at their homes. Financial services firms haven't been spared from this challenge.

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Indiana credit union agreed to buy Elberfeld State Bank

07/02/20

Heritage Trust Federal Credit Union will buy the bank's deposits and assume its liabilities.

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NCUA’s new low-income definition will benefit military, not credit unions

06/23/20

Bankers’ criticism that the expanded designation would bolster the largest credit unions is misguided.

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NCUA’s low-income designation hurts service members

06/18/20

A decision that expands the low-income definition to all active-duty military personnel will only enable large credit unions to push out smaller competitors, removing choice for people in the military.

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Crane Credit Union to buy Indiana bank

06/11/20

The credit union will pay an undisclosed amount for Community State Bank of Southwestern Indiana.

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Trade orgs say FHLBank targets may increase small member participation

06/10/20

Groups representing community banks and credit unions generally support the new percentage-based goals set by the Federal Housing Finance Agency.

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NCUA looks to keep field-of-membership case out of Supreme Court

05/27/20

The agency has responded to the American Bankers Association's legal request to strike down expanded membership rules for credit unions.

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Truist discloses $125 million in expenses tied to rebranding

05/19/20

The company, formed by the merger of BB&T and SunTrust, shared the information in response to a credit union's legal challenge to its new name.

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PPP set for revisions; Berkshire Hathaway unloads Goldman shares

05/18/20

The program would give small businesses greater flexibility on how they use loan proceeds; Warren Buffett’s company dumped 10 million of its nearly 12 million shares in the bank.

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