Credit Unions Boost Lending, Cut Long-Term Investments in First Quarter, 2015

NCUA Reports Loan Delinquencies Fall to Lowest Level in Eight Years

Federally insured credit unions relied more on lending and less on investments to generate income during the first quarter of 2015, the National Credit Union Administration reported yesterday.

"Credit unions are continuing to make the loans needed to grow local economies," NCUA Board Chairman Debbie Matz said. "As a result, their members are buying houses and cars, and they're paying for college to give young people a better start in life. At the same time, credit unions are curbing long-term investments. The switch from long-term investments to loans is decreasing interest-rate risk, a positive development for the credit union system as a whole."


Cooperative Credit Union Association Takes Effect Jan. 1

Massachusetts credit unions voted in unanimous fashion to join forces with the credit unions of New Hampshire and Rhode Island in a merged credit union trade association. The result of that vote, together with similar votes taken earlier this month in New Hampshire and Rhode Island, means that the credit union Leagues in the three states will merge to form the Cooperative Credit Union Association.


CFPB Finalizes Rule Regarding Online Privacy Disclosures

The CFPB has finalized a rule allowing financial institutions, including credit unions, to post privacy notices online rather than in paper, if certain conditions are met. This rule simplifies notice requirements for institutions that limit their consumer data-sharing. This rule was proposed in May and generally supported by CUNA and the League; the rule will become effective upon publication in the Federal Register.


League Launches “Commitment to Cooperation” to Honor the Past, Prepare for the Future

Credit unions are built on the time and effort of dedicated volunteers and professionals who work with the members' best interests at heart. In Massachusetts, New Hampshire, and Rhode Island there are many credit union leaders who have devoted many years to improving their individual credit unions as well as the larger credit union system.


CUNA’s 2015 GAC: Events Include Special MA/NH/RI Reception on March 8th

Preparations for the 2015 CUNA Governmental Affairs Conference (GAC) are well underway. In addition to political advocacy, the program offers attendees networking opportunities, keynote speakers, industry-focused breakout sessions, and the largest financial services exhibitor showcase.


Governor Patrick Signs Massachusetts Credit Union Investment Authority Bill into Law

Massachusetts Governor Deval Patrick signed into law yesterday House 3954, An Act Relative to the List of Legal Investments prepared by the Commissioner of Banks. The measure improves the investment authority for state chartered credit unions in three ways.


Small Credit Union Conference Features Lively Discussion on Key Issues Facing Small CUs

Over sixty representatives from small credit unions in New England and beyond met in Portsmouth, New Hampshire, to attend the 7th annual Small Credit Union Conference, and thriving-not just surviving-was on the minds of small credit union leaders.


CUs Discuss Loan Participation, Exams, & Cybersecurity at MA Division of Banks Regional Roundtable

On October 2, the Massachusetts Division of Banks jointly sponsored a regulatory roundtable with the League for Massachusetts credit unions. League President Paul Gentile facilitated this lively session at which member credit unions directed a number of questions on a wide range of subjects to Commissioner David Cotney and members of his senior staff.


MA, NH and RI Merger Vote Schedule and Documents are Published

The credit unions of Massachusetts, New Hampshire, and Rhode Island will be voting on a plan to merge their three Leagues next month.  A voting schedule for each state has been established, which includes the opportunity to vote electronically on a secured website using a unique password or to vote in person at a polling place set in the state in which they are located.  (See the schedule shown below.)


NCUA’s McWatters Says New RBC Comment Period is Needed

NCUA Board Member J. Mark McWatters confirmed that he would not vote in favor of any risk-based capital (RBC) proposal if it does not include a second comment period.

View a complete list of job openings

Post a job to the Association’s website

If you are a member credit union and would like to post a job to the Cooperative Credit Union Association website, please download and complete the Job Posting Form. Submit it to jobs@cucenter.org.

Vice President, Lending, Holy Rosary Credit Union, Rochester, N.H.

Are you looking to be part of a purpose driven organization? Holy Rosary Credit Union (HRCU) has an exciting opportunity for the right person to lead our lending department. 

Vice President of Lending, Dutch Point Credit Union, Wethersfield, CT

Dutch Point Credit Union is seeking a Vice President of Lending with a diversified lending background including consumer and mortgage lending experience.

Assistant Vice President, Payments Systems, Jeanne D’Arc Credit Union, Lowell, MA

Jeanne D’Arc Credit Union seeks a collaborative, strategic, forward-thinking leader that will be responsible for the management, supervision and direction of the credit union’s traditional and member self-service payment channels. 

Vice President of Marketing, Merrimack Valley Credit Union, Lawrence, Mass.

Merrimack Valley Credit Union is seeking a detail-oriented individual with strong written and verbal communication skills to lead our Marketing Department.  

IT Administrator, Tremont Credit Union, Boston, MA

Tremont Credit Union is currently seeking a skilled IT Administrator.

Windows System Administrator, St. Mary’s Credit Union, Marlborough, Mass.

St. Mary’s Credit Union headquartered in Marlborough, MA has an outstanding opportunity for a Windows System Administrator in a progressive technology environment aimed at consistently servicing our membership with Value, Integrity and Convenience. 

Branch Supervisor, Workers’ Credit Union, Fitchburg, Mass.

Workers’ Credit Union is seeking qualified candidates for the position of Branch Supervisor to join our Acton Boxborough High School Branch.

Branch Manager - Kent Hospital Federal Credit Union

Kent Hospital Federal Credit Union in Warwick, Rhode Island, seeks a talented person to guide and manage its branch office, providing quality service to new and existing members in account transactions, loan applications and new accounts. 

Branch Manager, Members Plus Credit Union, Medford, Mass

Members Plus Credit Union has an excellent growth opportunity for a motivated  individual with at least 5 years of management experience in the credit union/banking industry to serve as a branch manager.