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.
ST. JOHNS, Newfoundland and Labrador (4/8/16)--Verafin, a provider of fraud detection and anti-money laundering software, has added a new analytic to help credit unions and other financial institutions detect suspicious tax refunds.
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.
MERIDEN, Conn. (1/14/16)--The Credit Union League of Connecticut has formed a partnership with PSCU through which the St. Petersburg, Fla.-based credit union service organization will provide payment processing and contact center services for Connecticut's credit unions.
CUNA compliance staff recently responded to a query if credit unions are required to disclose the numerical value of the military annual percentage rate to borrowers covered under the Military Lending Act.
Following its groundbreaking comprehensive study on regulatory burden, CUNA released its new Regulatory Burden Calculator that allows individual credit unions to assess the impact of regulation on their operations.
After months of advocacy by CUNA, the CFPB Thursday wrote to CUNA announcing it will initiate a rulemaking this summer to address issues with the bureau’s Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosures rule.