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Credit Union News

NASCUS Calls for Scrutiny of NCUA OTR Docs

CU Times - Mon, 07/27/2015 - 5:12pm
Newly-released overhead transfer rate documents require public comment, supervisory association affirms.
Categories: Credit Union News

Boomers Require a Full Suite of Services

CU Times - Mon, 07/27/2015 - 2:55pm
Credit union execs warn against putting baby boomers in a box when designing product line-ups.
Categories: Credit Union News

Credit Union Industry Execs Land on Fed Committees

CU Times - Mon, 07/27/2015 - 2:26pm
Thirty-five retail and financial industry players will serve on two Federal Reserve payments task forces.
Categories: Credit Union News

Fiserv Introduces Palm Vein Biometrics

CU Times - Mon, 07/27/2015 - 10:32am
Core processor brings Fujitsu’s PalmSecure technology to its DNA account processing platform.
Categories: Credit Union News

Bankers Press for NCUA Investigation

CU Times - Fri, 07/24/2015 - 4:54pm
Letter to Congress from 53 State Bankers Associations says the NCUA has turned into a CU industry cheerleader.
Categories: Credit Union News

NCUA Removes Fixed Asset Threshold

CU Times - Fri, 07/24/2015 - 2:22pm
ALEXANDRIA, Va. – Unanimous board vote eliminates 5% threshold on FCU investments in fixed assets.
Categories: Credit Union News

Smartwatches Prone to Attacks: Study

CU Times - Fri, 07/24/2015 - 10:53am
HP Fortify finds 10 top smartwatches contain significant vulnerabilities, such poor encryption and privacy issues.
Categories: Credit Union News

Field of Membership: A 25-Year Evolution

CU Times - Thu, 07/23/2015 - 11:00pm
Flashback to what the Credit Union Nation looked like as the world celebrated on New Year's Eve in 1990: There were 12,860 federally insured credit unions, and 7,291 were single common bond cooperatives – 1,240 single associational and 6,051 single occupational charters.
Categories: Credit Union News

DCU Lends Fintech Startups a Helping Hand

CU Times - Thu, 07/23/2015 - 11:00pm
Following its inaugural year, during which it “incubated” four financial sector startup companies in Boston, the DCU Center of Excellence in Financial Services (DCU CoE) has invited seven new fintech startups to participate in its collaborative, educational work environment.
Categories: Credit Union News

Credit Unions Don’t Represent Their Members: Matz

CU Times - Thu, 07/23/2015 - 8:15pm
WASHINGTON - The NCUA chairman creates a stir during a congressional hearing but promises to accept input on the OTR.
Categories: Credit Union News

Senate Panel Passes Reg Relief Bill

CU Times - Thu, 07/23/2015 - 2:33pm
Legislation would alter the CFPB's governance structure and move its funding into the Congressional budget process.
Categories: Credit Union News

Matz to Congress: Credit Unions More Stable Today

CU Times - Thu, 07/23/2015 - 2:21pm
WASHINGTON – NCUA Chairman maintains the agency halted the credit union system’s inevitable collapse.
Categories: Credit Union News

Matz, McWatters Agree on Budget Transparency: Onsite Coverage

CU Times - Thu, 07/23/2015 - 1:41pm
WASHINGTON – NCUA Board Member Mark McWatters cites dramatic transparency improvements at Thursday’s hearing.
Categories: Credit Union News

Matz, McWatters Agree on Budget Transparency

CU Times - Thu, 07/23/2015 - 1:41pm
WASHINGTON – NCUA Board Member Mark McWatters cites dramatic transparency improvements at Thursday’s hearing.
Categories: Credit Union News

OPM’s Weak Security Led to Breach: Report

CU Times - Thu, 07/23/2015 - 11:54am
Independent think tank reveals OPM's inspector general voiced concern over the agency's outdated security practices.
Categories: Credit Union News

NCUA Board Approves $1.3M Budget Reduction

CU Times - Thu, 07/23/2015 - 10:29am
Operating fund decreases by $2.9M while the capital budget increases by $1.6M to fund cybersecurity improvements.
Categories: Credit Union News

New Jersey Credit Union Tied to Illegal Bitcoin Scheme

CU Times - Wed, 07/22/2015 - 10:24pm
Two Florida men allegedly controlled a small, unidentified FCU as part of a Bitcoin money laundering operation.
Categories: Credit Union News

Credit Unions Hire, Promote and Honor: People

CU Times - Wed, 07/22/2015 - 4:01pm
Plus, a CEO in Missouri will retire after more than 40 years of service.
Categories: Credit Union News

Credit Union COO Pleads Guilty to Theft

CU Times - Wed, 07/22/2015 - 3:16pm
Former Peoples CU exec Sherrie Rivera could get 10 years for pocketing $385,000 from member accounts.
Categories: Credit Union News

CFPB Fines Discover Bank

CU Times - Wed, 07/22/2015 - 1:19pm
Bank slapped with a $18.5 million fine over illegal student loan and debt collection practices.
Categories: Credit Union News

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