FARMINGTON HILLS, Mich. (4/11/16)--GreenPath Inc., a CUNA Strategic Services strategic alliance provider, is now operating as GreenPath Financial Wellness, with a commitment to assisting consumers with financial challenges beyond debt.
HOUSTON (2/1/16)--Dolphin Debit, an ATM management company, is helping credit unions and banks with the transition of their ATMs to read EMV chip cards ahead of the coming October industry deadline for ATM compatibility with the new cards.
MADISON, Wis. (1/29/16)--A.M. Best Co. has affirmed the financial strength ratings of “A” (Excellent) and the issuer credit ratings of “a” for CMFG Life Insurance Co., MEMBERS Life Insurance Co., CUMIS Insurance Society Inc., and CUMIS Specialty Insurance Co. Inc.
NEW BRIGHTON, Minn. (1/28/16)--CU Companies, a credit union service organization specializing in mortgage services, added 48 new retail lending partners, nine correspondent lending partners, and three partners that signed up for both retail and correspondent lending in 2015.
ST. PETERSBURG, Fla., and HARRISBURG, Pa. (1/26/16)--PSCU, a St. Petersburg, Fla.-based credit union service organization, and the Pennsylvania Credit Union Association Monday announced an agreement through which PSCU will be the preferred provider of credit and debit card services to Pennsylvania credit unions currently serviced by PCUA’s service corporation, PACUL Services Inc.
ONTARIO, Calif. (1/22/16)--The California and Nevada Credit Union Leagues formed a strategic partnership with Kasasa, a financial technology and marketing services company that provides premium checking and savings accounts with consumer rewards.
RANCHO CUCAMONGA, Calif. (1/20/16)--CO-OP Financial Services set a record last year for the most electronic funds transfer and shared branch transactions by credit union members that it has ever processed.
CUNA’s final rule analysis of the CFPB changes to the TRID rule is now available. The rule, published in the Federal Register this week is effective Oct. 10, with a mandatory compliance date of Oct. 1, 2018.
While proposed changes to the CFPB prepaid accounts rule provide some clarity, it will not be helpful for most prepaid card users and CUNA remains opposed to the rule’s application of Regulation Z to certain prepaid cards.
While the DOD has affirmed the Military Lending Act’s effective date for credit card accounts of Oct. 3, CUNA is engaged with legislators to build support for efforts to exempt credit unions from the rule.