Two months after being placed into a conservatorship, the Pomona Postal Federal Credit Union of Pomona, California, has merged with another credit union (CU). The National Credit Union Administration (NCUA) announced the merger Monday (Jan. 3), saying the Pomona CU had merged into the Anaheim-based...
When it comes to reading between the lines of financial regulators’ advisory letters, tone matters. Take last week’s letter from the National Credit Union Administration (NCUA) which gave the federally insured credit unions (FICUs) it oversees permission to partner with digital asset providers to allow...
Credit unions’ emphasis on member relationships is one of the main factors that distinguishes them from large banks and FinTechs. PYMNTS’ Credit Union Innovation Index found 65 percent of CU members chose credit unions as their primary financial institutions (FIs) because they trusted them, compared...
Marblegate Asset Management, known for buying up distressed assets, now holds the largest lot of New York’s taxi-medallion loans, according to published reports Wednesday (Feb. 19). The National Credit Union Administration said Wednesday that it had sold most of its medallion loan portfolio to Marblegate. Neither...
September 23, 2019
Credit unions (CUs) are facing an ever-shifting financial services landscape. Advanced technology is increasingly raising the stakes of how CUs should operate, with members coming to expect the instant payments and slick mobile interfaces that large banks and FinTechs have made standard. CUs are facing pressure on the regulatory side as well, with banking advocacy […]
July 28, 2023
The Yonkers Postal Employees Credit Union (Yonkers CU) has been placed into conservatorship by the New York State Department of Financial Services (DFS), with the National Credit Union Administration (NCUA) appointed as conservator. The move was made to protect Yonkers CU members, and normal member services will continue with the NCUA overseeing the Yonkers, New […]
January 03, 2022
Two months after being placed into a conservatorship, the Pomona Postal Federal Credit Union of Pomona, California, has merged with another credit union (CU). The National Credit Union Administration (NCUA)...
February 20, 2020
Marblegate Asset Management, known for buying up distressed assets, now holds the largest lot of New York’s taxi-medallion loans, according to published reports Wednesday (Feb. 19). The National Credit Union Administration...
March 15, 2018
The National Credit Union Administration’s (NCUA) defense of revisions to a field-of-membership rule isn’t sitting well with a federal judge — and that just might enable an American Bankers Association...
