August 2024

The 150,000 kilometer challenge aims to raise $150,000 and honors fallen military heroes Lisa Hallett, co-founder of wear blue: run to remember, a nonprofit organization dedicated to honoring fallen service members through purposeful steps every week in community runs, recently completed a 150,000 kilometer challenge along the Wonderland Trail around Mount Rainier, Washington. The challenge set […]

NewDay USA\’s deceptive tactics came amid VA home loan \”churning\” scandal The Consumer Financial Protection Bureau (CFPB) today took action against repeat offender New Day Financial (NewDay USA) for deceiving active duty servicemembers and veterans seeking cash-out refinance loans. The CFPB found that NewDay USA gave misleading and incomplete cost comparisons to borrowers refinancing in

On Sunday, August 11, Corporate Central and The Wisconsin Credit Union League hosted Credit Union Day at the Ballpark, a fundraising event that raised over $38,000 for The Wisconsin Credit Union Foundation and The National Credit Union Foundation. The collaborative event brought over 330 credit union members, families, friends, employees, and supporters together as the

The Federal Financial Institutions Examination Council (FFIEC) today issued a new booklet to help examiners assess information technology practices. The “Development, Acquisition, and Maintenance” booklet provides examiners with fundamental examination expectations regarding entities’ development and acquisition planning and execution, governance and risk management, and maintenance and change management practices. It discusses the interconnectedness of an

FHFA proposal could curtail FHLBanks as a liquidity option  By David Savoie, CEO, LaCorp A critical source of liquidity for credit unions could be reduced or lost if changes are not made to a proposal from the Federal Housing Finance Agency (FHFA) last November. The governing body of the Federal Home Loan Banks (FHLBs) published

Credit Union’s Deptford Location Will Host September Community Event  First Harvest Credit Union (“First Harvest”) is hosting its upcoming Shredder Event on September 14, 2024, at its Deptford Corporate Center from 9:00 AM to 12:00 PM. This free event is open to the community and First Harvest members, offering a secure method for disposing of

ModernFi is thrilled to announce our partnership with Tru Treasury to deliver transformative balance sheet management tools for credit unions. This collaboration equips credit unions to navigate the complexities of business banking and secure high-dollar accounts with extended NCUA insurance. ModernFi CUSO, which operates the first-ever deposit network for credit unions, is thrilled to announce