ICBA files suit against NCUA over MBL

The Independent Community Bankers of America filed suit in federal court yesterday, challenging the NCUA’s new MBL rules, contending that the regulations allow credit unions to exceed limitations on business loans that were established by Congress. In the suit, the ICBA asks that the rules be voided and states that the agency is reducing regulatory oversight, while […]

VyStar Credit Union CEO tapped for Fed Community FI Council

Terry West, president/CEO of VyStar CU, of Jacksonville, FL, was one of three CUNA members named by the Federal Reserve board of governors to the Community Depository Institutions Advisory Council earlier this week. West has been part of the credit union movement for more than 30 years. He joined VyStar (then Jax Navy) in 1988 and […]

LSCU joins Purple Heart Homes, encourages CUs to help military veterans

LSCU announces its support of Purple Heart Homes, a national public charity based in Statesville, N.C. The organization is committed to ensuring quality of life solutions for disabled American Veterans from all eras. Credit unions participating in Operation Veteran Home Renovation will identify older veterans whose homes need ramps, grab bars, railings, a yard clean-up, […]

Florida home sales slow down after boom but steady

Home sales have dropped every month so far in 2016, but real estate agents say the market was bound to slow slightly after record-setting numbers in 2014 and 2015. Single-family sales in June, which reflect contracts signed one to two months earlier, were the highest for a month so far in 2016. Florida’s housing market […]

Consolidation is a growing trend, especially for smaller credit unions

Consolidation has been a growing trend in the credit union community for many years due to a variety of factors. Indeed, numerous CUs have “disappeared” from the landscape — either through mergers (forced and otherwise) or liquidation — every year for at least the past 15 years. It usually is the smaller institutions, that is those with […]