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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

ATM Goes Screenless, PINless at Trade Show

CU Times - Mon, 01/11/2016 - 12:58pm
At the Consumer Electronics Show, Diebold and Eyelock unveil an ATM prototype designed to enhance security.
Categories: Credit Union News

CUSO Registry Hits the Streets

CU Times - Mon, 01/11/2016 - 10:13am
Slated to launch Feb. 1, the NCUA’s CUSO Registry program has some worried about third-party vendor oversight.
Categories: Credit Union News

Two Credit Unions Strike Back in Overdraft Suits

CU Times - Fri, 01/08/2016 - 6:28pm
Kern Schools FCU and Bethpage FCU, which face class-action suits over overdraft disclosures, countersue for breach of contract.
Categories: Credit Union News

United FCU, Lake Michigan CU Call Off Merger

CU Times - Fri, 01/08/2016 - 5:17pm
Partnership would have turned LMCU into Michigan’s largest credit union.
Categories: Credit Union News

Credit Union CFO Confesses to $20 Million Embezzlement

CU Times - Fri, 01/08/2016 - 3:01pm
Michael Anthony LaJoice turns himself into police, admitting he defrauded Clarkston Brandon Community CU over 12 years.
Categories: Credit Union News

CFPB Seeks Comment on HMDA Changes

CU Times - Fri, 01/08/2016 - 2:33pm
The bureau seeks input on whether its HMDA Resubmission Guidelines make sense in light of new Reg C reporting requirements.
Categories: Credit Union News

Branches Remain Essential: CO-OP, U.S. Bank

CU Times - Fri, 01/08/2016 - 11:02am
Studies find consumers still prefer to work with real-life tellers in an increasingly digital world.
Categories: Credit Union News

Credit Union Manager Steals $600,000, Gets Six Years

CU Times - Fri, 01/08/2016 - 10:04am
Debra C. Pyfrom admits to a fraud scheme that led to the 2014 shuttering of IBEW Local 816 FCU.
Categories: Credit Union News

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