New Legislation Modernizes Credit Union Laws
Massachusetts’ credit unions will now have expanded opportunities for mortgage lending after the governor signed a bill yesterday that modernizes credit union laws.
GSEs to Delay Refinance Fee Until December
The Federal Housing Finance Agency has delayed a new mortgage refinancing fee scheduled to take effect next week and added exemptions for certain loans, moves applauded by local and national trade groups.
Supreme Court Lets Field of Membership Expansion Go Ahead
The United States Supreme Court declined on Monday to review a lawsuit by the American Bankers Association against the National Credit Union Administration, upholding a 2016 rule change affecting field of membership.
Comptroller Concerned about Face Mask Policies
In a letter yesterday to the U.S. Conference of Mayors, acting Comptroller of the Currency Brian Brooks said requirements that people wear face masks in public could lead to more bank robberies.
Hanscom FCU’s Marotta Receives CCUA Hall of Fame Award
Paul Marotta, chairman emeritus of Hanscom Federal Credit Union, was awarded the 2019 Cooperative Credit Union Association (CCUA) Hall of Fame award in recognition of his 43 years of service.
Banks, Credit Unions Renew Turf Battle on Beacon Hill
Credit unions and banks, long at odds over the differing regulations they face, renewed sparring Wednesday over several bills that industry leaders on either side claim gives the other an unfair advantage.
The CCUA’s New Head is Moving Home
Ronald McLean was hired earlier this year as president and CEO of the Cooperative Credit Union Association, a trade group that represents credit unions in Massachusetts, Rhode Island, New Hampshire and Delaware.
In Bid to Modernize Closings, Lenders Push E-Notarization on Beacon Hill
With electronic notarization, closing attorneys would do the notarization through a portal that requires dual authentication from the borrower and closing attorney, but some have serious reservations about legalizing the technique in Massachusetts.
CCUA Hires New York Credit Union Association Exec as Next Leader
After a lengthy search, the Cooperative Credit Union Association has found its next leader.
CCUA Names New CEO and President
The Cooperative Credit Union Association, which represents credit unions in Massachusetts, Rhode Island, New Hampshire and Delaware, has found its next leader.
CCUA Backs Sen. Warren’s Pot Bill
The Cooperative Credit Union Association, which advocates for credit unions in Delaware, Massachusetts, Rhode Island and New Hampshire, has come out in support of a new bill co-sponsored by Sen. Elizabeth Warren that would remove the threat of a federal crackdown on marijuana.
Community Good Works
In this week’s roundup, local book drives are in full gear as credit unions partner with the Cooperative Credit Union Association to donate educational resources to children in need.
CCUA President Named To Regional Business Association Board
The president and CEO of the Cooperative Credit Union...CU Association Touts Membership, Loan Growth In Q2
Massachusetts credit union memberships ticked up by...
