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Jim Hanisch named president of CO-OP Network

CU Journal - Mon, 04/23/2018 - 12:03pm
Hanisch joined CO-OP in 2000 and has been chief operating officer since April 2017.
Categories: Credit Union News

Wisconsin credit union buys Indiana bank's branches

CU Journal - Mon, 04/23/2018 - 12:03pm
Old National Bancorp in Indiana plans to sell 10 branches to Marine Credit Union, expanding the credit union's reach.
Categories: Credit Union News

Mulvaney response to CFPB data security gaps baffles cyber experts

CU Journal - Mon, 04/23/2018 - 11:03am
The agency's acting chief said hundreds of data breaches justified a halt on collecting information from firms, but experts question that logic.
Categories: Credit Union News

Coastal Credit Union outlines 2017 growth

CU Journal - Mon, 04/23/2018 - 11:03am
The North Carolina-based credit union has released a report on its 2017 growth figures, including 5.1 percent member growth and loan growth of more than $300 million.
Categories: Credit Union News

Former North Carolina credit union CEO charged with fraud, embezzlement

CU Journal - Fri, 04/20/2018 - 4:56pm
A federal grand jury in Charlotte, N.C. has indicted a former credit union CEO with fraud in connection with the U.S. government's Troubled Asset Relief Program.
Categories: Credit Union News

Jump for joy: Credit unions in the community

CU Journal - Fri, 04/20/2018 - 2:56pm
Philanthropy, tech donations, giving back to homeless veterans and other ways credit unions are giving back in their communities.
Categories: Credit Union News

Fiserv, SISCOOP team up for digital banking at Mexican credit unions

CU Journal - Fri, 04/20/2018 - 1:56pm
More than two dozen Mexican credit unions will not be able to offer digital banking services.
Categories: Credit Union News

Eight more credit unions sign on for AFG's balloon lending program

CU Journal - Fri, 04/20/2018 - 1:56pm
The eight credit unions represent a “reach increase” of nearly 7 million consumers and combined assets of over $1.7 billion.
Categories: Credit Union News

Pot and payments: Everything you need to know

CU Journal - Fri, 04/20/2018 - 1:56pm
As marijuana legalization spreads throughout the U.S. and the world, companies in the cannabis market must navigate a delicate tangle of new and old regulations. And many payment providers are unwilling to risk working with dispensaries, leading to some inventive workarounds.
Categories: Credit Union News

NCUA indicates possible field-of-membership appeal in court filing

CU Journal - Fri, 04/20/2018 - 11:56am
Recently filed court documents give the clearest sign yet that the National Credit Union Administration is considering appealing a controversial court decision on the regulator's revised field-of-membership rule.
Categories: Credit Union News

Great Lakes Credit Union names new president/CEO

CU Journal - Fri, 04/20/2018 - 10:56am
Steven Bugg is set to take the top job at the Illinois-based credit union.
Categories: Credit Union News

Wells' $1B penalty: Regulators make good on Trump tweet

CU Journal - Fri, 04/20/2018 - 8:55am
Months after President Trump vowed that Wells Fargo would pay a severe penalty, the CFPB and OCC hit the bank with a $1 billion fine to settle claims it overcharged customers for auto insurance and home loans.
Categories: Credit Union News

Fed official resists taking sides between gun control, FIs

CU Journal - Thu, 04/19/2018 - 3:54pm
Randal Quarles found himself in the middle of an issue that typically doesn't fall under a banking regulator's purview.
Categories: Credit Union News

Financial institutions need to be worried about Facebook's data-sharing debacle

CU Journal - Thu, 04/19/2018 - 3:54pm
Banks and credit unions are sharing more information with third parties these days, but they need to be cautious about it.
Categories: Credit Union News

NCUA board approves relief from stress test burdens, ad requirements

CU Journal - Thu, 04/19/2018 - 2:53pm
As NCUA amended at 2014 regulation on capital planning and stress testing, the two-person committee also marked 24 months of operating with a vacant seat on the board, commending one another for a productive working relationship.
Categories: Credit Union News

CO-OP says goodbye to Shazia Manus, issues $30M dividend

CU Journal - Thu, 04/19/2018 - 8:53am
The former TMG CEO will leave CO-OP this month to join CUNA Mutual Group's AdvantEdge Analytics.
Categories: Credit Union News

Shared Services for Credit Unions pays $736,000 rebate for 2017

CU Journal - Wed, 04/18/2018 - 4:51pm
The Florida-based credit union service organization's 2017 dividend was nearly 20% higher than what it paid out for 2016.
Categories: Credit Union News

On-site with NACUSO at 'The happiest place on earth'

CU Journal - Wed, 04/18/2018 - 4:51pm
Insights from the National Association of Credit Union Service Organizations' 2018 conference, taking place this week at the Disneyland Hotel in Anaheim, Calif.
Categories: Credit Union News

Does Senate’s repeal of CFPB policy put all guidance in crosshairs?

CU Journal - Wed, 04/18/2018 - 2:51pm
Passage of a resolution blocking guidance on auto loan pricing could set a precedent that allows Congress to nullify other long-past regulatory issuances.
Categories: Credit Union News

An attack on NAFCU is an attack on credit unions: Berger

CU Journal - Wed, 04/18/2018 - 2:51pm
NAFCU's Dan Berger fires back after CUNA CEO Jim Nussle criticized the rival trade group in a recent op-ed.
Categories: Credit Union News

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