Independent registered advisory organizations — fiduciaries before the Obama-era Labor Department expanded the definition of fiduciary advice — are predicted to see a surge in demand under the conflict-of-interest rule, according to most industry...
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 Doing the Hard Things: Disruption ’17
Laura Woods, VP of marketing & community presence at 1st Financial FCU speaking at Disruption '17 by CU Water Cooler. “Credit unions are perfectly positioned for doing the hard things,” said Laura Woods, vice president of marketing and community...
Christian Community CU CEO to Retire
During Christian Community Credit Union’s 60th anniversary celebration, President/CEO John Walling said last week it’s time to retire after 45 years of service to the San Dimas, Calif.-based credit union. Walling will retire July 31. David Estridge, EVP,...
CUs Could Cash in on Apple’s Big Move Into P2P
Apple announced Monday at its Worldwide Developers Conference that its new mobile operating system, iOS 11, will allow users to make person-to-person payments directly through the instant messaging feature on their iPhones, iPads and Apple Watches. The move puts...
Loan Losses Cut Credit Union Profits
Credit unions’ net income inched up 2.6% in the first quarter as loan loss provisions rose sharply from a year earlier. The $2.3 billion earned in the first quarter represented 0.71% of total average assets, down from 0.75% in 2016’s first quarter, and the...
Preparation Is Key to Avoiding the Ravages of Ransomware
Ransomware attacks continue to plague businesses large and small. With impacts on all kinds of organizations — from independent consultants to leading health care providers, colleges to online gaming sites — employers must be alert to the dangers of...