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Credit Union News

Credit Union CEO Pleads Guilty to Stealing $1 Million

CU Times - Tue, 12/22/2015 - 1:17pm
Donna L. Jennings admits she stole from her $12M credit union to pay bills and buy real estate.
Categories: Credit Union News

Credit Union CEO Pleads Guilty to $1 Million Embezzlement

CU Times - Tue, 12/22/2015 - 1:17pm
Donna L. Jennings admits to raiding teller drawers and making fake loans to pay credit card bills and buy real estate.
Categories: Credit Union News

Campus Card Programs Take Nosedive: CFPB

CU Times - Mon, 12/21/2015 - 8:50pm
College-sponsored card programs fall by 65% over five years as large banks exit the market, a new study reveals.
Categories: Credit Union News

NAFCU Calls for Privacy Notice Guidance

CU Times - Mon, 12/21/2015 - 4:55pm
The CFPB is tapped to provide regulatory clarity on an H.R. 22 provision, which aims to modernize privacy notice requirements.
Categories: Credit Union News

Student Loan Debt Haunts American Workers

CU Times - Mon, 12/21/2015 - 3:00pm
A new survey reveals young consumers are postponing retirement saving in favor of reducing student loan debt.
Categories: Credit Union News

Credit Union CEO Faces $1 Million Embezzlement Charge

CU Times - Mon, 12/21/2015 - 1:34pm
Prosecutors allege Jacqueline Ray, who led the failed OCFCU for 30 years, created fake member accounts to commit loan fraud.
Categories: Credit Union News

NCUA Liquidates Bethex FCU

CU Times - Fri, 12/18/2015 - 4:52pm
USAlliance FCU of Rye, N.Y. assumes the insolvent, Bronx, N.Y.-based credit union’s assets.
Categories: Credit Union News

Workplace Safety in 2016: Mitigating Risks

CU Times - Fri, 12/18/2015 - 3:50pm
Employees can play a key role in reducing the risk of violence in the workplace.
Categories: Credit Union News

Omnibus Spending Bill Passes House, Senate

CU Times - Fri, 12/18/2015 - 2:58pm
$1.1 trillion package includes the Cybersecurity Information Sharing Act and additional NCUA reporting requirements.
Categories: Credit Union News

NCUA Releases A.E.A. FCU From Conservatorship

CU Times - Fri, 12/18/2015 - 2:41pm
Members reclaim Yuma, Ariz. credit union after five years thanks to operational improvements and strong earnings.
Categories: Credit Union News

Credit Union VP Accused of Embezzling $1.2 Million

CU Times - Fri, 12/18/2015 - 1:37pm
Retired Houston Police FCU VP Cheryl Vickers pleads not guilty to carrying out an 18-year check fraud scheme.
Categories: Credit Union News

Breach Reported at Landry’s Chain Restaurants

CU Times - Fri, 12/18/2015 - 12:31pm
The owner of popular chains Bubba Gump Shrimp Co., Chart House and Rainforest Café sees unauthorized card charges.
Categories: Credit Union News

Death of a Credit Union: Internet Archive FCU Voluntarily Liquidates

CU Times - Fri, 12/18/2015 - 11:17am
IAFCU founder Brewster Kahle explains how NCUA restrictions and the Bitcoin business played into his three-year-old CU’s demise.
Categories: Credit Union News

NCUA Releases Telephone Scam Alert

CU Times - Thu, 12/17/2015 - 7:59pm
Fraudsters call consumers claiming to be NCUA employees and ask for personal and financial information.
Categories: Credit Union News

New York Eyes Cybersecurity Regulations

CU Times - Thu, 12/17/2015 - 7:18pm
The state's Department of Financial Services outlines new requirements for financial institutions and insurers.
Categories: Credit Union News

IOLTA Rule Excludes Prepaid Cards

CU Times - Thu, 12/17/2015 - 12:19pm
Final rule includes insurance coverage for RE escrow accounts, prepaid funeral accounts and escrow similar to lawyers' trust accounts.
Categories: Credit Union News

Telhio Drives Business Lending Via New Core System

CU Times - Thu, 12/17/2015 - 11:57am
Execs provide a behind the scenes look at a core conversion, which they say will help their credit union grow to $1B in assets.
Categories: Credit Union News

CUNA’s Whitfield Hops to the CBA

CU Times - Wed, 12/16/2015 - 7:45pm
Sam Whitfield, deputy chief advocacy officer for CUNA, accepts an executive position at the Consumer Bankers Association.
Categories: Credit Union News

Home Depot to Disclose Settlement Communications

CU Times - Wed, 12/16/2015 - 5:41pm
Attorneys for FIs suing the retailer over a 2014 breach tell their clients to hold off on accepting settlement offers.
Categories: Credit Union News

Heartland Acquired by Global Payments, Inc.

CU Times - Wed, 12/16/2015 - 3:40pm
Deal to purchase Heartland Payment Systems worth approximately $4.3 billion.
Categories: Credit Union News

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