Aaron Passman is editor of Credit Union Journal, the nation’s leading credit union news resource. He was appointed editor in 2018 after two years as an assistant editor at CUJ and nearly five years as a reporter there. He has worked as a staff writer or freelancer for a variety of publications across the country and is a graduate of the University of Kansas.
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The credit union allegedly denied a 2015 mortgage application from a married couple when the woman was on maternity leave, violating the Fair Housing Act.
May 10 -
The regulator's settlement with Nomura is tied to the failures of two corporate credit unions, though Nomura did not admit fault as part of its settlement.
November 3 -
Tewksbury FCU and CU Close have launched a new collaborative enterprise to help lenders and credit unions profit from combined volume and more efficient vendor management.
February 4 -
The Supreme Court has denied an appeal from several banks regarding a lawsuit filed by NCUA concerning the sale of mortgage-backed securities that contributed to the failure of two corporate credit unions more than seven years ago.
January 14 -
NCUA has filed suit against another big banking company over mortgage-backed securities.
December 24 -
A community revitalization program in the City of Brotherly Love is connecting potential homebuyers to financial institutions, and some credit unions are among those reaping the benefits.
November 10 -
The Consumer Financial Protection Bureau remains committed to working with the financial services industry to improve the mortgage closing experience for consumers through the use of technology, CFPB director Richard Cordray said.
September 22 -
The CFPB's "Know Before You Owe" rule combining TILA and RESPA disclosures "is one of the largest and most impactful regulatory changes credit unions have probably ever seen, one analyst says.
November 26 -
BECU has found success leveraging Pinterest as part of a larger lending campaign.
August 19 -
The biggest compliance issues credit unions will face in the next 12 months relate to every step of the mortgage process.
July 29 -
The gradual rise in interest rates now underway won't have a detrimental effect on most credit unions, predicts one industry expert.
July 8 -
With $26 million in assets and fewer than 5,000 members, Catholic Family FCU is right in the sweet spot for the "Great Divide" between CUs that are profitable and those that are struggling.
May 13 -
Orion FCU is putting potential buyers into foreclosed homes as part of an innovative rent-to-own initiative.
March 18 -
Marshall Community CU had to make major changes when the real estate market crashed, and since 2009 has diversified its product mix and focused on cross-selling to great success.
March 11 -
A stronger housing market means it’s time to consider adding realty services.
February 11 -
One person believes that home equity lending could be a major boon for credit union growth in the new year.
January 28 -
Financial institutions that limit their social media strategies to Twitter and Facebook are also limiting their potential.
July 3 -
Credit unions are working to protect their net interest margins without adding undue interest rate risk and CFOs expect their attention in the second half of the year will remain on squeezing what they can from investment portfolios.
June 4
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