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Credit Union News

Puerto Rico Rejects $1 Billion Loan Offer From Creditors

CU Times - Thu, 09/28/2017 - 3:41pm
The economic situation in Puerto Rico grows increasingly dire as creditors offer help but adding to the island's debt.
Categories: Credit Union News

Operating Level Boost Needed to Protect Share Insurance Fund: NCUA Board

CU Times - Thu, 09/28/2017 - 1:34pm
NCUA board members explain Thursday's vote and credit union official react to the news.
Categories: Credit Union News

Foundation Begins Collecting Funds for Hurricane Maria Relief Efforts

CU Times - Thu, 09/28/2017 - 12:52pm
Based on news reports and limited communication with credit union staff in Puerto Rico, the situation is truly dire, official says.
Categories: Credit Union News

NCUA Board Approves Fund Merger, NOL Increase

CU Times - Thu, 09/28/2017 - 10:32am
The NCUA board approved the merger as well as increasing the NOL to 1.39%.
Categories: Credit Union News

Are Supply Chains Putting Finance Industry at Added Breach Risk?

CU Times - Thu, 09/28/2017 - 9:48am
Using third-party vendors opens the door to more risks when it comes to data protection.
Categories: Credit Union News

NCUA Approves 24 Mergers in August

CU Times - Wed, 09/27/2017 - 6:18pm
Five credit unions get the green light to consolidate because of poor financial conditions and two for lack of growth.
Categories: Credit Union News

NCUA Approved 24 Mergers in August

CU Times - Wed, 09/27/2017 - 6:18pm
Five credit unions got the green light to consolidate because of poor financial conditions and two for lack of growth.
Categories: Credit Union News

U.S. New-Home Sales Cool, Supply Jumps as Storms Strike South

CU Times - Wed, 09/27/2017 - 4:49pm
Three hurricanes in a row are impacting the U.S. housing market.
Categories: Credit Union News

What to Expect: Cyber Liability Insurance Process

CU Times - Wed, 09/27/2017 - 4:29pm
With the number of cyberattacks on the rise, more business executives are seeking out cyber liability insurance.
Categories: Credit Union News

Republican Plan Still Leaves Credit Union Tax Exemption At Risk

CU Times - Wed, 09/27/2017 - 11:42am
The federal tax blueprint released Wednesday is too vague to know if cutting the credit union tax exemption is on the table.
Categories: Credit Union News

SONIC Drive-In Breached, Five Million Card Accounts Stolen

CU Times - Wed, 09/27/2017 - 10:00am
A pattern of fraudulent transactions leads to the discovery of the SONIC data breach.
Categories: Credit Union News

SONIC Drive-In Breached, 5 Million Stolen Card Accounts

CU Times - Wed, 09/27/2017 - 10:00am
A pattern of fraudulent transactions led to the discovery of the SONIC data breach.
Categories: Credit Union News

7 Credit Unions Win Grants for Hispanic Outreach

CU Times - Wed, 09/27/2017 - 9:13am
This grant money helps credit unions to finance outreach projects to the Hispanic population.
Categories: Credit Union News

Phishing Attacks Against Financial Orgs Doubles in One Quarter

CU Times - Tue, 09/26/2017 - 5:07pm
A new report reveals a 41% increase in phishing attacks targeting financial institutions in the second quarter of 2017.
Categories: Credit Union News

Puerto Rican Credit Union CEO Says 'Pray For Us'

CU Times - Tue, 09/26/2017 - 5:01pm
With cash and resources running out, one Puerto Rican credit union CEO shares what's happening on the island.
Categories: Credit Union News

Supporters of CFPB Arbitration Rule Fear Senate May Move to Nullify It This week

CU Times - Tue, 09/26/2017 - 2:41pm
If the Senate nullifies the rule, President Trump is expected to sign it.
Categories: Credit Union News

Former CU Office Manager Faces Sentencing

CU Times - Tue, 09/26/2017 - 12:45pm
The embezzlement of nearly $180,000 led to the closure of a New York credit union.
Categories: Credit Union News

Many CUs Tell NCUA Proposed Operating Level Boost is Too High

CU Times - Tue, 09/26/2017 - 9:10am
This week the NCUA board meets to consider several items including operating levels and corporate stabilization fund.
Categories: Credit Union News

Puerto Rico CU Updates 'Virtually Impossible' After Hurricane Maria

CU Times - Mon, 09/25/2017 - 5:24pm
Credit union officials on the U.S. mainland are still trying to assess the conditions of the Puerto Rican credit unions.
Categories: Credit Union News

Economic Growth Lifts Credit Unions

CU Times - Mon, 09/25/2017 - 3:19pm
A new report shows strong credit union growth and car loans exceed the national average.
Categories: Credit Union News

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