February 28th, 2018183The House passed a CUNA-approved act amending the Real Estate Settlement Procedures Act on Tuesday.
According to the Credit Union National Association, the TRID Improvement Act of 2018, or H.R. 5078, would require the Consumer Financial Protection Bureau "to allow the accurate disclosure of title insurance premiums and any potential available discounts to home-buyers."
CUNA President and CEO Jim Nussle said the legislation would "reduce confusion associated with the ability for title insurance companies to disclose available discounts."
"This kind of targeted regulatory relief benefits credit unions and consumers, who will have...
February 27th, 20181123A Spelman College junior from Henry County became the first winner this year of a Delta Community-KISS 104.1 HBCU Scholarship.
Delta Community CEO Hank Halter presented a $2,500 check to Desiree Raymond during a ceremony at the Delta Community Credit Union Vinings Branch this week, according to a South Metro Neighbor article.
"I'm delighted to present Desiree with assistance reaching her personal goal of becoming a physician and we wish her great success in her career," Halter said in a statement.
Raymond, a 2015 graduate of Union Grove High School in McDonough, said she's always wanted to be a doctor. Recently, she's decided to...
February 27th, 2018094Georgia United Credit Union will host an open house — complete with prize giveaways — to celebrate its new Stockbridge location March 6.
"The event offers an opportunity for the Stockbridge community to come and learn about the benefits of joining our credit union along with the products and services we offer, and interact with our knowledgeable team members," said Georgia United President and CEO Debbie Smith.
Refreshments will be served and giveaways will take place that day between 9 a.m. and 5 p.m. Guests will have the chance to win one of several VISA gift cards throughout the day. Local officials will be present for the...
February 27th, 2018086Credit union leaders chatted with President Donald Trump about regulatory relief Monday.
>>Related: Former President George W. Bush speaks at CUNA Governmental Affairs Conference<<
The leaders, including CUNA President and CEO Jim Nussle, left CUNA's Governmental Affairs Conference briefly to have the conversation with Trump, according to a CUNA article. The group talked to the president about the burdens facing credit unions and what government could do to fix them, including supporting S. 2155, the Senate's bipartisan regulatory relief bill.
"We shared our dissatisfaction with the regulatory burden in place,"...
February 26th, 2018185A total of 5,000 credit union professionals from around the country gathered to listen as former President George W. Bush spoke at CUNA's Governmental Affairs Conference.
CUNA President and CEO Jim Nussle interviewed the 43rd president of the United States on topics including relationships with China, Mexico and North Korea, lessons learned during
his presidency, qualities needed to be an effective leader and the importance of public service and meeting the needs of everyday Americans.
"Gaining insight from our past can help guide us moving forward," Nussle said. "It was truly my pleasure to discuss the current state...
February 23rd, 20181203The Georgia credit Union League joined the Credit Union National Association and the National Association of Federally-Insured Credit Unions in filing an amicus brief defending a credit union hit with a lawsuit over overdraft services.
The amicus brief was filed with the U.S. Court of Appeals for the 11th Circuit to defend LGE Community Credit Union, a credit union based in Marietta, in Tims v. LGE Community CU. The lawsuit is one of 30 class action suits against credit unions and community banks challenging their method of assessing overdraft fees based on the "available balance" rather than the "ledger balance" in member...
February 23rd, 201830350At least four Georgia credit unions have joined 31 other credit unions nation-wide that have partnered with online car dealership Carvana in the last few months.
"Our model is aligned with credit unions," said Chief Product Officer Dan Gill in a Credit Union Journal article. "We roll out our business one market at a time. We do targeted marketing in the geography where we are present. Credit unions tend to have geographically centered memberships. They also have a reputation for great service and great rates. We align with that credit union philosophy."
(Credit Unions) also have a reputation for great service and great rates. We align...
February 23rd, 201832132Coosa Valley Credit Union recently weighed in on the pros of taking out a personal loan through a credit union.
"Credit Unions operate differently from banks," the credit union asserted in a column that ran in Coosa Valley News. "They are not-for-profit organizations that usually serve a specific community. Being not-for-profit means that credit unions are focused more on helping their members than on answering to stockholders or trying to boost profits for the sole benefit of the bank."
The column discussed three reasons consumers should consider credit unions for a personal loan, including friendly service and community focus,...
February 23rd, 20180115Nearly a dozen Illinois credit unions are now taking advantage of a loan program offered through a CUSO developed by Georgia Credit Union Services and three Georgia CUs, according to a CUInsight article.
Up until recently, state-chartered credit unions weren't allowed to invest in these sorts of loan pools.
The CULS Loan Program is offered through LSC and Credit Union Loan Source, which was organized and chartered in 2004 by Georgia Credit Union Services, Inc., Delta Community Credit Union, Atlanta Postal Credit Union and Georgia's Own Credit Union.
"The CULS participation model originates prime and super prime loans and provides...
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