Distributed Denial of Service attacks remain unpredictable and persistent, and vary widely in volume, speed and complexity according to Reston, Va.-based Verisign’s DDoS Trends Report for the first quarter of 2017. While Verisign saw a 23% decrease in DDoS...
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?
Cost of CU Tax Exemption Jumps 32% in Trump Budget
The estimated 10-year cost of the credit union tax exemption jumped a whopping 32.3% over a year ago, according to the Trump Administration budget released Tuesday. The administration’s budget offered no explanation for the jump from $26.75 billion in Fiscal...
Preparing for the Member of 2025: CU Direct’s Drive
LAS VEGAS – Credit unions must implement strategies now that will adapt to consumers’ changing needs, Sundeep Kapur stressed at CU Direct’s Drive conference in Las Vegas Tuesday. A big part of that is redesigning branches in a manner that will...
Credit, Debit & Prepaid Transactions Hit $20.6 Trillion in 2016
Credit, debit and prepaid card transactions for six major card networks shot up a combined 13.3% from 2015 to 2016, and purchase volume rose 5.8% to $20.606 trillion, according to new global data from card and payment industry publisher The Nilson Report. Nilson found...
25 Credit Unions Slapped With Civil Penalties
Twenty-five credit unions consented to $10,365 civil penalties for filing late 2016 fourth quarter Call Reports, the NCUA said Tuesday. In the fourth quarter of 2015, 22 credit unions consented to penalties. The $483 million Qualstar Credit Union in Redmond Wash., got...
Experts React to Trump Budget Cuts of College Loan Aid
President Trump’s proposed budget released Tuesday will reduce the number of youth going to college, and saddle many of those graduating with greater debt, consumer groups said. Trump’s 62-page “America First: A Budget Blueprint to Make America Great...