VStar Credit Union announced on Aug. 5 that it successfully acquired Citizens State Bank (CSB), a Florida state-chartered bank headquartered in Perry, FL, with $280 million in assets. The acquisition began earlier this year with a signed definitive agreement. Since that time, VyStar, CSB and the appropriate regulatory agencies have worked closely to finalize the [...]
The people helping people philosophy is clearly at work in a new pilot program, the Minority Depository Institution (MDI) Mentoring Pilot, offered by the NCUA. The program provides opportunity for strong and experienced credit unions to provide guidance to small MDI credit unions to increase their ability to serve low-income and underserved populations. This innovative [...]
The 2019 Back-to-School Sales Tax Holiday runs Friday, Aug. 2 through Tuesday, Aug. 6, offering consumers a break on back-to-school supplies and more. The holiday was passed by the Florida Legislature and signed into law by Gov. Ron DeSantis. During this sales tax holiday period, qualifying items will be exempt from tax including: certain school [...]
Credit union professionals from across the globe helped World Council of Credit Unions and the Credit Union National Association pick the theme for International Credit Union Day 2019, which is planned for Thursday, Oct. 17. WOCCU and CUNA sent surveys to their members in May, asking for feedback on seven possible themes. More than 100 surveys [...]
ēCO CU Foundation to host Magic City Money Matters Financial Conference In response to the need for millennial financial education, the eCO Credit Union Foundation will host the first Magic City Money Matters Financial Conference on Aug. 8. The conference will take place at Regions Field and will feature Erin Lowry, author of Broke Millennial, [...]
Applications are now being accepted for the CUNA Excellence in Lending Council Awards, which recognize outstanding credit union lending results and best practices. Credit unions demonstrating innovation in lending to meet member needs are encouraged to apply by the Sept. 16 deadline. CUNA Lending Council and CUNA Mutual Group co-sponsor the Excellence in Lending Awards program. They established the program [...]