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...
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?
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...
Retiring CU CEO Terry West Receives Distinguished Service Award
Terry West, president/CEO of Vystar CU, at left, received the distinguished service award from Patrick LaPine, president /CEO of the League of Southeastern Credit Union. Terry R. West, who plans to retire a president/CEO of the VyStar Credit Union in August, received...
NCUA Board Seeks Comment to Simplify OTR Methodology
The NCUA board on Friday agreed to solicit comment on changes to the methodology used to calculate the Overhead Transfer Rate—an issue that often has divided the credit union community. In publishing the changes, the board proposes to simplify the methodology...