U.S. Senate committee passes regulatory relief bill Tuesday

December 6th, 20171118 The Senate Banking Committee passed regulatory relief bill Tuesday morning that could provide significant lending relief to credit unions, according to the Credit Union National Association.  The Economic Growth, Regulatory Relief and Consumer Protection Act passed the committee with a vote of 16-7 Tuesday following a markup that morning. "This bipartisan regulatory relief package is an example of what we can achieve when we work together," said Senator Joe Donnelly (D-Indiana) in a Senate press release. "The proposal would provide long-awaited regulatory relief to community banks and credit unions unintentionally burdened by rules...

Robins Financial Credit Union volunteers with Ronald McDonald House

December 5th, 2017089 Robins Financial Credit Union made a difference in the lives of families with critically ill or injured children recently. The Warner Robins-based credit union made a $4,000 donation to the Ronald McDonald House's 365 Day Society, which houses families with hospitalized children. A contribution of $1,000 to the Society covers the cost of operating the home for one day, according to a Robins Financial press release. While at the house, the families are given meals and an opportunity to connect with other families facing similar situations. Robins Financial staff also volunteered to help at the house, working in four different shifts...

Senate tax reform bill doesn't change credit union tax status

December 4th, 201726107 Credit unions' special tax status appeared to be in the clear as both the Senate and House passed their tax reform bills recently. >> Related: Senate passes tax bill; stock market reaches record highs <<  The House passed its version of the bill in November. The Senate voted in favor of the Tax Cuts and Jobs Act early Saturday morning. Neither version of the bill proposes ending or changing the tax exempt status enjoyed by federally and state chartered credit unions. "Both chambers of Congress have now passed tax reform bills without proposing any change to the credit union tax status, true evidence that both sides...

Peach State Federal Credit Union receives Underserved Outreach Grant

November 30th, 20171065 The National Credit Union Administration recently awarded Peach State Federal Credit Union a grant to help it improve the financial health of people in under-served areas. Peach State was one of 23 credit unions to receive $536,000 in Underserved Outreach Grants, money that's meant to help credit unions develop strategies to increase outreach in areas that need it most. The grant is also meant to drive positive business results. Peach State is based in Lawrenceville, Ga. For more information, visit https://peachstatefcu.com/.

Three Georgia credit unions earn national recognition

November 30th, 201727132 Three Georgia credit unions received national honors from the Credit Union National Association on Wednesday. CUNA’s National Awards Committee announced the credit unions that won their Maxwell Social Responsibility Community Service Awards, Louise Herring Philosophy-in-Action Member Service Awards and Desjardins Awards for Financial Education. The winners of each award were selected from among top entries at the state level in categories based on their asset size. Health Center Credit Union, based in Augusta, won second place in the Louise Herring award among credit unions with $50 million to $250 million in assets. “I know...

CUNA sends list of requests to new CFPB leader

November 29th, 20173196 Despite its very public controversies, the Consumer Financial Protection Bureau took an encouraging step toward helping relieve regulations on credit unions Monday. >>Related: Court: Trump's pick should lead CFPB<< The Credit Union National Association wrote new acting CFPB leader Mick Mulvaney a letter Monday, detailing some concerns credit unions have had with the agency and asking that he put a freeze on new rules and requirements. Later that day, Mulvaney announced a 30-day freeze on both rule-making and hiring. "We're very pleased to see the bureau halt rule-making activities for the time being, as we've...

Holiday campaign set to support credit unions affected by natural disasters

November 29th, 20173098 The CUNA Mutal Group Foundation and CUAid are poised to present a meaningful Christmas gift to credit unions and their members suffering from the affects of natural disasters. "There are still significant needs for the affected disaster areas and holidays can be especially hard for those displaced from their homes or businesses," said CUNA Mutual Group Foundation Leader Beth Cutler in a press release.  With that in mind, CUNA Mutual Group Foundation pledged Tuesday to match every dollar donated to credit union disaster relief fund CUAid – up to $100,000 – through Dec. 31. CUAid is the only disaster relief fund dedicated to...

Robins Financial Credit Union sends holiday care packages to deployed troops

November 29th, 201725113 Robins Financial Credit Union recently sent some holiday cheer to those serving oversees.  The Warner Robins-based credit union created care packages for troops stationed overseas during the holidays. The packages contained personal care items and snack foods. "Robins Financial employees are proud to support deployed troops and have participated in this project for years," according to a press release. "It is a way of saying thank you for all of their dedication and sacrifice, especially during the holiday season." To learn more about Robins Financial Credit Union, click here....

MONEY names credit unions among country’s top financial institutions

November 27th, 2017090 MONEY recently featured 13 credit unions among its list of best financial institutions in each U.S. state. The reporters combed through data on the largest 90 brick-and-mortar banks, 50 credit unions and 15 online banks identified by the bank consultancy firm called Novantas, according to the article. Based on factors including fees, interest rates and account requirements, MONEY selected the best financial institution in each state. “To pick the champions, we required minimum balances that were $1,500 or less, and we assumed that you could put up with online statements to avoid fees,” according to the MONEY article. MONEY named...
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