Credit unions have snatched up market share in credit cards, personal loans, mortgages and auto loans since the first quarter of 2015, though only about one in four Americans has done business with a credit union, according to Experian’s 2017 State of 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?
Protecting Your Benefit Plans Against Cyberattacks
Think only credit card data and bank accounts are the targets of cyberattacks? Think again—because employee benefits data is in the hackers’ crosshairs. That’s according to a report by the Society for Human Resource Management, which...
Trades Praise Treasury Recommendations, Some Wait for Personnel Changes
Credit union trade groups praised the Treasury Department Tuesday for its regulatory recommendations governing financial institutions, but one lobbyist said that personnel changes may be needed before they can be implemented. “It’s reflective of the input...
San Francisco FCU Names New CEO
The $1 billion San Francisco Federal Credit Union said Monday it appointed Jonathan Oliver as president/CEO. He succeeds Steven Stapp who left San Francisco FCU last year to become the president/CEO of the $1 billion Unitus Community Credit Union in Portland, Ore....
Credit Union Hits the Gas With Online Car Buying
Consumer interest in buying cars online is flourishing, and one credit union’s plan to capitalize on that trend is highlighting just how much the internet is changing the way credit unions operate in the digital era. Earlier this month, Orlando, Florida-based...
Reign In CFPB, Redesign CU Rules: Treasury Department
Financial regulators and Congress have done a poor job of tailoring regulations to the size of financial institutions, the Treasury Department said Monday, in calling for many of the changes long advocated by credit unions. “As banking regulators are approaching...