August 2024

NCUA Prohibits One Individual from Participating in the Affairs of Any Federally Insured Depository Institution

The National Credit Union Administration in August 2024 permanently prohibited one individual from participating in the affairs of any federally insured depository institution. Prohibition Order: Luz Araceli Davila-Hernandez, a former employee of Magnifi Financial Credit Union, Melrose, Minnesota. An Order of Prohibition prohibits a party from ever working for a federally insured depository institution. In

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INDIANA MEMBERS FOUNDATION CHARITY GOLF OUTING BENEFITTING EVANSVILLE VANDERBURGH SCHOOL CORPORATION FOUNDATION RAISES OVER $30,000

Indiana Members Foundation, the charitable arm of Indiana Members Credit Union (IMCU), hosted a charity golf outing to benefit Evansville Vanderburgh School Corporation (EVSC) Foundation at Evansville Country Club, 3810 Stringtown Rd, Evansville, IN, on Monday, April 29, 2024.  96 golfers attended the event which raised over $30,000 to benefit the EVSC Foundation, who supports

INDIANA MEMBERS FOUNDATION CHARITY GOLF OUTING BENEFITTING EVANSVILLE VANDERBURGH SCHOOL CORPORATION FOUNDATION RAISES OVER $30,000 Read More »

Credit Union Leaders Add Fundraising Event During GoWest Maxx Conference

Credit union chapter leaders from across Colorado are coming together to raise money for Credit Unions for Kids and Children’s Miracle Network Hospitals by hosting Pints with Purpose, an event designed to kick off the GoWest Maxx Conference in October. The evening of networking and fundraising will complement the association’s annual fundraising dinner during the

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HAWAII STATE FCU DONATES $5,000 TO PARENTS AND CHILDREN TOGETHER

Hawaii State Federal Credit Union (Hawaii State FCU) recently presented a donation of $5,000 to Parents And Children Together (PACT) in support of the nonprofit’s ongoing programs and services. The donation will help PACT continue its work of providing comprehensive services to empower Hawaii’s most vulnerable families and communities. “Hawaii State FCU is dedicated to

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Rize Credit Union partners with Comfort Cases and Barely Canadian to donate essential items to 1,000 youth in foster care

Rize Credit Union (Rize CU), Comfort Cases® and Barely Canadian came together to pack 1,000 Comfort Cases (600 in California and 400 in Nevada) with new, essential comfort and personal care items, including pajamas, blankets, hygiene kits, books, journals, and stuffed animals, along with a Barely Canadian hoodie. The packing party and donation is a

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Credit Unions Announce New Hires and boost.ai Announces Hiring of IT Transformation Expert

A few credit unions including Labor Credit Union and FORUM Credit Union announced new hires, and boost.ai announced the addition of a prominent IT transformation expert to their leadership team. New Hires Labor Credit Union is pleased to announce the appointment of Audra Pettus as the new Vice President of Operations. Pettus joined Labor Credit

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NCUA’s Automated Cybersecurity Examination Tool (ACET) Will Remain Available Following the Sunset of the FFIEC’s Cybersecurity Assessment Tool

The Federal Financial Institutions Examination Council announced today the sunsetting of its Cybersecurity Assessment Tool on August 31, 2025. While this decision impacts the broader financial services industry, NCUA’s Automated Cybersecurity Examination Tool (ACET) will continue to be supported and remain available for use by credit unions. The ACET is available for download at no

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PenFed Credit Union Successfully Completes Second Auto Loan Securitization

Securitization leveraged to further strengthen credit union through diversified funding, increased liquidity and net worth PenFed Credit Union, the nation\’s second-largest federal credit union, today announced the closing of its second prime auto loan securitization offering PenFed Auto Receivables Owner Trust 2024-A (PNFED 2024-A). The transaction issued $447,400,000 of fixed-rate, amortizing asset-backed notes backed by

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Virginia Credit Union Board of Directors Adds New Leaders Following Successful Merger with Member One Federal Credit Union

Virginia Credit Union’s (VACU) Board of Directors has gained new members following the successful Aug. 1 merger with Roanoke-based Member One Federal Credit Union. Penny Hodge and Matt Huff have joined the board as directors. Tyler Caveness will serve as an associate director. All three previously served as board members at Member One Federal Credit

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