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Credit Union News

Melrose Credit Union Undercapitalized

CU Times - Sun, 08/14/2016 - 4:45pm
Mainly due to its underperforming taxi medallion loan portfolio, Melrose posts a net loss of $57M.
Categories: Credit Union News

Stankovic Inspires Herself, Others to Fulfill Dreams

CU Times - Sun, 08/14/2016 - 11:00am
The ambitious consultant's projects include a leadership podcast and financial literacy course for students.
Categories: Credit Union News

Consumers Increasingly Aware of Data Privacy: TMGFS

CU Times - Fri, 08/12/2016 - 12:52pm
In the future, FIs will need to demonstrate full competency in their data collection strategies, one expert says.
Categories: Credit Union News

Payday Lenders Shift to Installment Loans

CU Times - Fri, 08/12/2016 - 12:48pm
In an effort to outpace regulators, payday lenders move from a lump sum to installment repayment model.
Categories: Credit Union News

Open APIs Help Credit Unions Compete

CU Times - Fri, 08/12/2016 - 10:37am
Credit unions can level the playing field with nontraditional financial players via open application program interfaces.
Categories: Credit Union News

Clinton Plans to Help CUs Expand Business Access to Credit

CU Times - Fri, 08/12/2016 - 8:50am
The Democratic nominee says she will work to cut red tape to provide credit to businesses through small institutions.
Categories: Credit Union News

Clinton Calls for Using CUs to Expand Business Access to Credit

CU Times - Fri, 08/12/2016 - 8:50am
Clinton says she will work to cut red tape to provide credit to businesses especially through community banks and credit unions.
Categories: Credit Union News

Stankovic Inspires Herself, Others to Fulfill Dreams

CU Times - Thu, 08/11/2016 - 11:00pm
The ambitious consultant's projects include a leadership podcast and financial literacy course for students.
Categories: Credit Union News

S.E. Cupp to Keynote NAFCU Congressional Caucus

CU Times - Thu, 08/11/2016 - 8:31pm
NAFCU’s speaker lineup for the September event also includes CFPB Director Richard Cordray.
Categories: Credit Union News

Embezzling CEO Sues Credit Union for Discrimination

CU Times - Thu, 08/11/2016 - 7:56pm
After defrauding Valor FCU, Sean Jelen sues Nassau Financial for rescinding a CEO job offer after learning of his disability.
Categories: Credit Union News

CFPB Effectively Considers Small Entities in Rulemaking: GAO

CU Times - Thu, 08/11/2016 - 2:04pm
A report says the bureau successfully takes rules’ impact on small businesses into account as per Dodd-Frank.
Categories: Credit Union News

Banking Trojan Evolves Into Dangerous Account Hijacker

CU Times - Thu, 08/11/2016 - 12:01pm
Cybercriminals use the advanced Vawtrak Trojan to steal credentials from financial institutions.
Categories: Credit Union News

Homeowners Feel Lighter Debt Load: ATTOM

CU Times - Thu, 08/11/2016 - 10:31am
A new report finds while fewer homeowners are underwater, pain lingers in their pockets.
Categories: Credit Union News

Brancucci Named President of New CUSO

CU Times - Thu, 08/11/2016 - 9:34am
Former GTE Financial President/CEO Joe Brancucci pops back up as president of new CURateReset CUSO.
Categories: Credit Union News

Manager Steals $592K From ACEFCU, Two Other Employers

CU Times - Wed, 08/10/2016 - 7:25pm
Jolina Sanchez defrauds two small businesses while being indicted for embezzling from a merged credit union.
Categories: Credit Union News

Community Banks Thrive Under Dodd-Frank: Obama Council

CU Times - Wed, 08/10/2016 - 5:45pm
A Council of Economic Advisers report, which omits credit unions, claims Dodd-Frank has not reduced small banks' business.
Categories: Credit Union News

CFPB Refuses to Tailor Rules for Small FIs

CU Times - Wed, 08/10/2016 - 3:12pm
CUNA expresses dismay in a letter when the bureau reaffirms its position after meeting with credit union leaders.
Categories: Credit Union News

Two Large Credit Unions Name New CEOs

CU Times - Wed, 08/10/2016 - 12:22pm
David Van Rossum joins Service CU and Unitus Community CU appoints Steven Sapp.
Categories: Credit Union News

3 Back to Fraud Season Concerns

CU Times - Wed, 08/10/2016 - 9:26am
Back to school season brings on phishing and other social engineering schemes.
Categories: Credit Union News

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