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Credit Union News

250 Hyatt Hotel Locations Breached

CU Times - Fri, 01/15/2016 - 1:32pm
Malware captures card data while being routed from the hotel chain’s payment processing systems.
Categories: Credit Union News

PenFed Opens New Branches in Guam, Puerto Rico

CU Times - Fri, 01/15/2016 - 11:39am
The $19 billion institution also completes three mergers and announces a new headquarters location.
Categories: Credit Union News

Township Pulls Funds From Clarkston Brandon Community CU

CU Times - Thu, 01/14/2016 - 7:22pm
Local government officials withdraw $1 million in taxpayer funds from the conserved credit union.
Categories: Credit Union News

Millennial Cash Use Rises: Cardtronics

CU Times - Thu, 01/14/2016 - 2:54pm
Nearly half of millennials surveyed say they’re more likely to pay in cash now than a few years ago.
Categories: Credit Union News

Social Media Helps AAACU Close $2 Million in Loans

CU Times - Thu, 01/14/2016 - 2:37pm
Marketing CUSO Chatter Yak! focuses on turning followers into revenue generators for credit unions.
Categories: Credit Union News

Foreclosures Drop to Nine-Year Low: RealtyTrac

CU Times - Thu, 01/14/2016 - 11:23am
Credit unions should tighten their mortgage lending standards to reduce risk in 2016, RealtyTrac’s VP says.
Categories: Credit Union News

Credit Unions Announce Career Moves

CU Times - Wed, 01/13/2016 - 6:17pm
This week’s people news includes three retirements, numerous promotions and a Federal Reserve Bank board appointment.
Categories: Credit Union News

Credit Unions Brace for ATM EMV Deadline

CU Times - Wed, 01/13/2016 - 5:34pm
Many ATMs will not be ready for the Oct. 1 liability shift for MasterCard-branded cards, experts warn.
Categories: Credit Union News

Clarkston Brandon Community CU Conserved

CU Times - Wed, 01/13/2016 - 4:30pm
The NCUA is appointed as conservator just one week after the credit union’s former CFO admits to embezzling $20 million.
Categories: Credit Union News

Fintech Firms Begin to Replace FIs: TransferWise

CU Times - Wed, 01/13/2016 - 1:24pm
One third of Americans will use a tech company for most financial services by 2020, a new report finds.
Categories: Credit Union News

Solar Projects Fuel Credit Union Lending Programs

CU Times - Wed, 01/13/2016 - 12:18pm
VSECU and First Citizens’ FCU help energy-efficient members through state-sponsored loans for solar installations.
Categories: Credit Union News

New Caucus Spreads the Cooperative Message

CU Times - Wed, 01/13/2016 - 10:53am
Reps. Royce and Pocan join the NCBA to educate Congress about the cooperative business model.
Categories: Credit Union News

Financial Institutions Among Top Mobile Hacker Targets

CU Times - Tue, 01/12/2016 - 2:45pm
A new Arxan mobile security report finds Android apps are less vulnerable than iOS apps.
Categories: Credit Union News

CO-OP CEO Stan Hollen to Retire in May

CU Times - Tue, 01/12/2016 - 1:31pm
As Hollen wraps up a 45-year career in credit unions, the CUSO's board launches a search for his successor.
Categories: Credit Union News

FHFA Drops Proposal From Final FHLBank Rule

CU Times - Tue, 01/12/2016 - 12:40pm
FHLBank member financial institutions will not be required to keep 10% of their assets in residential mortgages.
Categories: Credit Union News

Credit Union New Auto Loans Hit a Record $100 Billion

CU Times - Tue, 01/12/2016 - 11:32am
CUNA Mutual Group reports strong loan growth in 2015, including a 39% hike in first mortgages.
Categories: Credit Union News

Cordray Letter Has No Legal Standing: Attorneys

CU Times - Tue, 01/12/2016 - 10:31am
Experts say the CFPB director’s note downplaying TRID liability is not enough to ease compliance concerns.
Categories: Credit Union News

FBI Investigates CFO’s $20 Million Embezzlement

CU Times - Mon, 01/11/2016 - 9:00pm
Michael Anthony LaJoice attempts to cover his tracks by telling CU colleagues an inheritance supported his lavish lifestyle.
Categories: Credit Union News

Obama to Nominate McWatters to Export-Import Bank

CU Times - Mon, 01/11/2016 - 5:43pm
NCUA Board Member Mark McWatters set to leave the agency to take over a key Obama Administration post.
Categories: Credit Union News

FinalCode Looks to Mitigate BYOC Risks

CU Times - Mon, 01/11/2016 - 2:13pm
New platform helps banks and credit unions make file sharing safer in bring your own collaboration settings.
Categories: Credit Union News

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