PenFed President/CEO James Schenck, right, receives the Credit Union Hero of the Year award from CUNA President/CEO Jim Nussle, left. LAS VEGAS – CUNA President/CEO Jim Nussle honored James Schenck, president/CEO of the $20.2 billion Pentagon Federal Credit...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
Credit Unions, WOCCU & Others Welcome New Talent
During the past week, the credit union industry has seen a lot of new people coming into new roles. WEST The $3.4 billion Redwood Credit Union based in Santa Rosa, Calif., hired Reid Louie as assistant vice president/regional manager of branch...
It’s Time to Move Digitally: ACUC Onsite
Todd Clark, president/CEO of CO-OP Financial Services, discusses how credit unions can keep up in today's digital world. LAS VEGAS – Credit unions must retire the phrase “digital strategy.” In a world where apps like Uber and Airbnb are setting the...
Crowdfunding Tour Enlisting Credit Union Partners
New York City-based GrowthFountain, an equity crowdfunding platform, is preparing for “The Heartland Tour,” to shine the spotlight on business startups and get credit union partners involved in the process. GrowthFountain plans ten U.S. stops, in...
CFPB Wants to Fix Public Service Loan Forgiveness Program
The student loan forgiveness program designed to help indebted college graduates working in public service jobs has problems with loan servicers that the Consumer Financial Protection Bureau is trying to correct. According to a new CFPB report, “Staying on Track...
NCUA Conserves North Dakota Credit Union
The $201 million Citizens Community Credit Union in Devils Lake, N.D., which posted a net income loss of more than $900,000 at the end of the first quarter, was conserved Friday, the NCUA said. The credit union was placed into conservatorship for safety and soundness...