Credit Unions Must Redefine the Digital Experience
Over $12.6B was invested in FinTech in the first six months of this year, building on more than $19B of investment through 2015. The bar for digital disruption in the financial sector has been firmly set. Put simply, offering online services is no longer a selling point – it’s the standard. To stay competitive, credit […]
Compliance News: Changes in NCUA Exam Procedures for 2017
The NCUA promised enhanced examination planning procedures and scheduling changes for 2017, and outlined those changes in a letter to credit unions (16-CU-12) sent in the final days of 2016. The extended examination cycle applies to federal credit unions and federally insured state-chartered credit unions that meet certain eligibility requirements. For federal credit unions, an […]
CFPB Issues Annual Notice of Asset-Size Exemption Thresholds for Regulations C and Z
The CFPB has announced the asset-size exemption thresholds for depository institutions under Regulation C and for creditors under the escrow requirements and small-creditor portfolio and balloon-payment qualified mortgage requirements, and the prohibition against balloon-payment high-cost mortgages under Regulation Z. These thresholds are effective Jan. 1, 2017. You can access the notices at: Regulation C Regulation Z
Tax Season – Now is the Time to Offer Member Savings
What’s the number one thing that credit unions do best? They “serve” their members with great products and services at the best possible cost. This is why your League partners with “Love My Credit Union Rewards” through CU Solutions Group to bring all Tennessee credit unions the best possible products and services for their members. […]
Ascend Federal Credit Union Opens New Financial Center in La Vergne
Middle Tennessee’s largest credit union has opened a new financial center in La Vergne. Ascend Federal Credit Union, which was ranked the 2015 Credit Union of the Year by the National Association of Federal Credit Unions (NAFCU), has opened a location at 231 Waldron Road. The new financial center features Ascend’s Personal Assistance Service System, […]
Y-12 Federal Credit Union Promotes Four Long Serving Employees
We are pleased to announce the promotions of four employees. Amber Price has been promoted to Director of Marketing. Price has been with Y-12 Federal Credit Union for 23 years and started her career as a teller. She worked several years in the Marketing Department and transitioned to Branch Operations where she managed the Clinton Branch […]