As expected, the Federal Reserve increased interest rates Wednesday—a move that signals confidence in the economy and it won’t hurt credit unions, economists said. “The Fed’s go-slow approach means credit unions can expect the economic...
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?
Virtually Everyone Thinks Payments Fraud Will Get Worse, Survey Finds
Virtually all financial and payments professionals believe payments fraud is only going to get worse in the near future, according to a new survey by TD Bank. The survey, which polled attendees at April’s NACHA-The Electronic Payments Association conference in...
NAFCU Celebrates 50 Years of Service
B. Dan Berger opens the NAFCU Annual Conference & Solutions Expo in Honolulu NAFCU president/CEO B. Dan Berger opened the organization’s 50th Annual Conference and Solutions Expo on Wednesday in Honolulu. Berger expressed his excitement to the crowd about...
NAFCU Begins Measuring Credit Union Sentiment Index
NAFCU has begun measuring how credit unions view the overall financial and regulatory landscape through a Credit Union Sentiment Index. “The survey will be available to members each month and NAFCU encourages credit unions to participate," said NAFCU Chief...
Biometrics Catching on With Credit Unions for Employees & Members
Reviews and ratings for biometrics at credit unions continue to show overwhelmingly positive results whether used to authenticate members at branches or on mobile devices, or employees logging in to workstations. Fiserv’s Verifast, Palm Authentication technology...
Former Minnesota CU CEO Denies Embezzling Millions
Margurite M. Cofell denied most of the allegations by the NCUA that she stole millions while she was the CEO of a the $51 million St, Francis Campus Credit Union in Little Falls, Minn., according to court documents her lawyers filed U.S. District Court in St. Paul on...