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Credit Union News

California/Nevada Leagues Approve Membership Choice

CU Times - Tue, 02/09/2016 - 6:19pm
Member credit unions gain membership optionality in 2017.
Categories: Credit Union News

Cordray Clarifies CFPB Overdraft Intentions

CU Times - Tue, 02/09/2016 - 5:54pm
During an NCUA-hosted webinar, Richard Cordray says the bureau wants credit unions to offer members more options.
Categories: Credit Union News

Iowa League CEO Discusses Four-Month Sabbatical

CU Times - Tue, 02/09/2016 - 5:27pm
Pat Jury takes time off to reflect, recalibrate and plan for the future of the league.
Categories: Credit Union News

Breaches Infest C-Stores, Gas Stations: Study

CU Times - Tue, 02/09/2016 - 5:09pm
Risk Based Security finds Shell Oil and 7-Eleven endured the highest number of breaches in 2015.
Categories: Credit Union News

Obama Calls for 35% Cybersecurity Spending Bump

CU Times - Tue, 02/09/2016 - 3:35pm
Federal budget blueprint also includes a $12 million NCUA Operating Fund increase.
Categories: Credit Union News

Callahan Projects 7% Credit Union Share Portfolio Growth

CU Times - Tue, 02/09/2016 - 12:56pm
Core deposits drive year over year share portfolio growth in 2015, a new report reveals.
Categories: Credit Union News

Credit Union Overdraft Suits Won’t Be Consolidated

CU Times - Tue, 02/09/2016 - 11:50am
Plaintiffs in 11 suits are too different to warrant combining their cases, a judicial panel says.
Categories: Credit Union News

Bankers Threaten Tax Fight Over FOM

CU Times - Mon, 02/08/2016 - 9:54pm
State bankers associations, in coordination with the ABA, ask Congress to investigate the tax implications of FOM reform.
Categories: Credit Union News

Former Harley-Davidson FCU CEO Admits Embezzlement

CU Times - Mon, 02/08/2016 - 6:05pm
Sherry Garner faces up to 10 years for stealing $252,106 from her tiny credit union.
Categories: Credit Union News

CUNA Proposal Passes Membership Choice to Leagues

CU Times - Mon, 02/08/2016 - 1:18pm
Restated bylaws allow credit unions to join CUNA without joining a league and removes other dual membership language.
Categories: Credit Union News

Senator Introduces Bill to Kill DOL Fiduciary Rule

CU Times - Mon, 02/08/2016 - 8:53am
The Senate joins the House fight to stop the DOL from changing the definition of fiduciary on retirement advice.
Categories: Credit Union News

Home Sale Gain Hits Eight-Year High

CU Times - Sun, 02/07/2016 - 8:04pm
Annual RealtyTrac report says U.S. median home price gained 10%. Ninety-one percent of MSAs gain value.
Categories: Credit Union News

Technology, Staff Spirit Fuels TCCU Loan Growth

CU Times - Sat, 02/06/2016 - 11:00pm
Travis County CU's loan portfolio grew by 51% in the past five years and a 16% in 2015 alone.
Categories: Credit Union News

Church-Based Credit Union Liquidated

CU Times - Sat, 02/06/2016 - 9:03am
With nearly 23% loan delinquencies, the $163K CTK Credit Union is seized by state regulators.
Categories: Credit Union News

Visa Developer Launch Opens Payment Platform

CU Times - Fri, 02/05/2016 - 11:39am
New platform allows developer access to online and mobile P2P capabilities, accountholder identification and Visa Checkout.
Categories: Credit Union News

Cory Methodist Church CU Conserved

CU Times - Thu, 02/04/2016 - 3:32pm
Regulators determine the Cleveland-area, low-income designated credit union’s practices are unsafe and unsound.
Categories: Credit Union News

Montauk Credit Union on the Merger Block

CU Times - Thu, 02/04/2016 - 12:03pm
Sources say regulators are soliciting merger bids for the conserved credit union, which served the taxi medallion industry.
Categories: Credit Union News

Landry’s Reveals Breach Timeframes, Locations

CU Times - Thu, 02/04/2016 - 11:17am
Restaurant and casino company says cards may have been compromised at more than 45 locations over nearly two years.
Categories: Credit Union News

Retirement Plans Not Driving People to Retire

CU Times - Wed, 02/03/2016 - 6:21pm
Recent retirees cite workplace disengagement, eligibility for Social Security as reasons why they took the plunge.
Categories: Credit Union News

Credit Union Executives Make Moves

CU Times - Wed, 02/03/2016 - 6:03pm
This week’s people news includes hires, promotions and accolades in every region, plus one CEO retirement.
Categories: Credit Union News

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