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New credit union aims to reverse Kansas City's legacy of segregation

CU Journal - Thu, 02/08/2018 - 8:41am
A group has been working with NCUA to charter WeDevelopment Federal Credit Union with the goal of helping Kansas City's low-income African-American community.
Categories: Credit Union News

Equifax misled public on data breach, Warren claims

CU Journal - Wed, 02/07/2018 - 4:39pm
Sen. Elizabeth Warren released a scathing report Wednesday on Equifax's handling of the data breach last year, part of an effort to gain backing for legislation to rein in the credit bureaus.
Categories: Credit Union News

UMassFive College Federal Credit Union leader announces retirement

CU Journal - Wed, 02/07/2018 - 3:39pm
After 21 years of being president and CEO, Katherine Hutchinson plants to retire once the Board of Directors selects a new leader.
Categories: Credit Union News

Cornerstone Community Federal Credit Union taps new CEO

CU Journal - Wed, 02/07/2018 - 3:39pm
Former banker Eric Hepkins will take over from Ann Hood Feb. 28, the $422 million credit union reported.
Categories: Credit Union News

RiskIQ Alert Spotlights Bitcoin Security Threats

CU Times - Wed, 02/07/2018 - 3:00pm
Hackers behind banned apps can trick users into handing over large sums of money or personal details.
Categories: Credit Union News

RiskIQ Alerts Spotlights Bitcoin Security Threats

CU Times - Wed, 02/07/2018 - 3:00pm
Hackers behind the banned apps can trick users into handing over large sums of money or personal details.
Categories: Credit Union News

How FHFA could reform housing finance if Congress doesn't

CU Journal - Wed, 02/07/2018 - 2:39pm
As conservator, FHFA Director Mel Watt has substantial leeway to remake the government-sponsored enterprises without congressional input. Here's one way he might do so.
Categories: Credit Union News

Social Media Could Be ‘Financial Achilles’ Heel’ for Millennials

CU Times - Wed, 02/07/2018 - 2:02pm
More than half of millennials report unplanned spending based on something they had seen on social media, according to Allianz.
Categories: Credit Union News

Consumer lending unit draws PE interest

CU Journal - Wed, 02/07/2018 - 1:39pm
Warburg Pincus has agreed to buy a majority stake in a mortgage and consumer loan origination and servicing platform owned by Fiserv.
Categories: Credit Union News

CFPB Seeks Comment on Enforcement Actions

CU Times - Wed, 02/07/2018 - 1:23pm
As the CFPB asks for input, partisan battles continue over the agency's direction.
Categories: Credit Union News

Proposed Merger Would Create Maine’s Largest Credit Union

CU Times - Wed, 02/07/2018 - 1:13pm
York County FCU and Atlantic FCU agree to “merger of equals.”
Categories: Credit Union News

Understaffing Has Many CUs Outsourcing IT

CU Times - Wed, 02/07/2018 - 12:17pm
Outsourcing a credit union IT department can bring even more problems than solutions.
Categories: Credit Union News

Energy Plus Credit Union names new president/CEO

CU Journal - Wed, 02/07/2018 - 11:39am
The $32 million Indianapolis credit union has tapped Cari Palmer to take the reins from Scott Armstrong, who has taken a position at another credit union.
Categories: Credit Union News

Collaboration—and reams of data—are key to making AI smarter

CU Journal - Wed, 02/07/2018 - 10:39am
With the help of two AI tech firms, two credit unions here are hoping to redefine how members use chatbots when banking, including executing transactions.
Categories: Credit Union News

Fiserv-Warburg Pincus & TCI-MDT Ventures Reshape Loan Business

CU Times - Wed, 02/07/2018 - 10:28am
Fiserv and Warburg Pincus announce fintech partnership for new lending solutions.
Categories: Credit Union News

Pie in the eye for kids: Credit unions in the community

CU Journal - Wed, 02/07/2018 - 9:39am
Here's another look at the variety of ways credit unions are helping kids and giving back to their communities.
Categories: Credit Union News

Wave of Crypto Scams, Bitcoin Crash Said to Spook Card Firms

CU Times - Tue, 02/06/2018 - 5:28pm
Credit card companies and FIs work to curb crypto scammers from using credit cards.
Categories: Credit Union News

Lawsuit Accuses CU CEO Who Pioneered Pot Banking of Drug Use

CU Times - Tue, 02/06/2018 - 5:18pm
Partner Colorado CU President/CEO denies the allegations to CU Times, calling the lawsuit "frivolous."
Categories: Credit Union News

Credit unions promote officers to boost mortgage efforts

CU Journal - Tue, 02/06/2018 - 4:36pm
A handful of credit unions and a CUSO are building up their real estate lending departments and more HR-related news.
Categories: Credit Union News

Two Maryland CUs to offer ID protection products to members

CU Journal - Tue, 02/06/2018 - 3:36pm
Two Maryland CUs to offer IDShield
Categories: Credit Union News

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