They are the $174 million Boston Firefighters CU of Dorchester, Mass., the $1.4 billion Genisys CU of Auburn Hills, Mich., the $645 million Liberty Bay CU of Braintree, Mass., the $2.9 billion San Antonio Federal Credit Union in Texas, and the Burlington, Mass., EasCorp said. EasCorp Signs Five CUs for Mobile Banking
WASHINGTON — National Credit Union Administration Chairman Kyle Hauptman told members of the House Financial Services Committee on Thursday that the nation’s credit union system remains financially strong, while warning that rising delinquencies and consumer financial stress continue to warrant close monitoring. Hauptman also responded to a handful of questions from members of Congress, as well. Hauptman appeared as part of the regular hearings on Oversight of Prudential Regulators. Also appearing as witnesses were Michelle Bowman, vice chair for supervision with the Federal Reserve; Travis Hill, FDIC chairman, and Jonathan Gould, the acting Comptroller of the Currency. Kyle Hauptman In his prepared statement, Hauptman said federally insured credit unions remain well-capitalized and continue to meet members’ borrowing needs despite economic headwinds. He said the NCUA is focused on maintaining safety and soundness, protecting the National Credit Union Share Insurance Fund and creating...
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