Suncoast CU member wins LSCU raffle cash

Juli Lewis, director of the Southeastern Credit Union Foundation, announced $13,491 was raised from the sale of raffle tickets for a $5,000 VISA card donated by CUNA Mutual Group to benefit the initiatives of the foundation. The drawing was held June 8 during the wrap-up of SCUCE 2018. The winner was Beth Smith from Punta […]

SCUCE kicks off with golf, workshops, sessions

The Southeast Credit Union Conference and Expo began this morning with an early tee-time for supporters of the Southeastern Credit Union Foundation. Today’s sessions include a new attendee orientation, as well as sessions on how to respond to violence in the workplace and an update on cannabis banking. The silent auction is ongoing with online bidders vying […]

NCUA wants to expand Payday Lending Alternatives for credit unions, consumers

Federal credit union members could have more options for short-term, small-dollar borrowing under a rule proposed today by the National Credit Union Administration Board. The proposed rule would create one new product in addition to the current payday loan alternative that has been available to federally chartered credit unions since 2010. The Board also is […]

Check out these free financial literacy resources through SECUF

Join in on the fun this year learning through Cash Hash! Here are the dates and topics: 07/25: Investing made easy, sort of. 08/23: Budgeting is NOT a 4 letter word! 09/26: Ready, set, CHARGE…but know the do’s and the don’ts! 10/24: College bound! 11/14: Be your own boss! Financial Literacy Resources:  Does your credit […]

FFIEC issues new customer due diligence and beneficial ownership examination procedures

The Federal Financial Institutions Examination Council (FFIEC) today issued new examination procedures on the final rule, “Customer Due Diligence Requirements for Financial Institutions,” issued by the Financial Crimes Enforcement Network (FinCEN) on May 11, 2016. These examination procedures apply to banks, savings and loan associations, savings associations, credit unions, and branches, agencies, and representative offices […]

CUNA response to National Taxpayer’s Union letter on tax status

The National Taxpayers Union is urging the Senate Finance Committee to evaluate the tax-exempt status for large credit unions. Credit Union National Association followed up with this letter to clarify several falsehoods in their correspondence, specifically about credit unions mission and the statutory rationale for the credit union tax status. CUNA President/CEO Jim Nussle makes […]