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LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

April 1, 2015

CU Effect: CU credit counseling helps members 'pull themselves out' of debt

CU System
A recent Washington Post article outlined a disturbing trend in financial services: Firms that charge exorbitant fees to repair a struggling consumer's credit history when free and low-cost alternatives are available.​ ReadMore

Improving economy will boost CU earnings: CUNA forecast

CU System
Improved economic and credit conditions, leading to higher interest rates in 2015 and 2016, will bolster credit union earnings, asset quality and capital, according to CUNA's recently updated 2015-16 economic forecast. ReadMore

U.S. Supreme Court to decide on 2nd liens in bankruptcy

Washington
The U.S. Supreme Court heard arguments last week in a case involving the stripping of a second lien when a borrower declares bankruptcy. CUNA has been monitoring this and other similar cases over the past few years because credit unions often make second mortgage loans. ReadMore

MainStreet's 7 reasons millennials are choosing CUs

CU System
Between 2013 and 2014, nearly 2 million millennials became credit union members, according to numbers from CUNA, further signaling that young people are ditching banks for their local, cooperatively owned financial institutions. ReadMore

New CFPB toolkit helps consumers shop for mortgage, house

Washington
A new mortgage-shopping toolkit--that includes disclosure forms that will be required starting Aug. 1--has been released by the Consumer Financial Protection Bureau. Creditors must provide the toolkit to mortgage applicants as a part of the application process. ReadMore

CUs raise record $10.7M for CU4Kids, CMN Hospitals

CU System
More than 3,000 credit unions raised a record $10.75 million for local Children's Miracle Network Hospitals in 2014. ReadMore

Fla.'s North Dade CDFCU closed by NCUA

Washington
The National Credit Union Administration Tuesday liquidated North Dade Community Development FCU, Miami Gardens, Fla., after determining the credit union had violated "various provisions of its charter, bylaws and federal regulations." ReadMore

7 former CU employees banned from future FI work

Washington
Seven individuals have been prohibited from participating in the affairs of any federally insured financial institution, the National Credit Union Administration announced Tuesday. ReadMore
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#NewsNow CU Effect: CU credit counseling helps members 'pull themselves out' of debt http://t.co/2fP4tOl25z
14 minutes ago
#Maine #creditunion membership growth continues record pace http://t.co/yFRur4TQ0x
16 hours ago
.@TheNCUA closes N.Dade Community Development FCU,Miami Gardens, Fla. determining CU violated some charter provisions,bylaws & fed. rules.
18 hours ago
Why a #creditunion can be a good fit for #smallbiz http://t.co/l7Df9b8vQZ @fundbox
20 hours ago
Who's most adept at saving these days? The middle class, says @Bankrate http://t.co/zVi7typdVU
20 hours ago