A former CEO of a Pennsylvania credit union was sentenced to two years in prison Friday for embezzling more than $740,000. U.S. District Court Judge Davie S. Cerione also ordered Karen Schenck, 50, of Bear Lake, Pa., to pay $696,273 in restitution and served five...
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?
CHOICE Act Could Boost Fees Paid by Credit Unions: CBO
The House Financial Services Committee’s plan to overhaul the Dodd-Frank Act could result in increased fees to financial institutions, including credit unions, the Congressional Budget Act said in a newly released report. The CBO reported that the House...
SAFE FCU, Honor CU, Others Hire and Promote
This past week, six credit unions revealed hires, promotions and appointments, while one credit union mourned the sudden loss of its CEO. Read on for the latest People news. WEST $1.7 billion Vantage West Credit Union in Tucson, Ariz., appointed Jeff Post to serve as...
Bethpage FCU Merges With CU Hit by Taxi Medallion Losses
New York’s largest credit union by assets, the $6.8 billion Bethpage Federal Credit Union, said Friday it will merge with the $118 million Northwell Health Federal Credit Union, which serves the Empire State’s largest health care system and the...
Student Loans vs. Retirement Savings Makes for Tough Choice
It’s difficult to know where to put a few extra bucks at the end of the month, especially for graduates who are trying to balance student loans, retirement savings and other expenses without coming out behind in one category or another. But...
Time to Improve Our Tech Security Skills
In what now seems like a foreboding example of premonition, Kansas Commissioner of Insurance Ken Selzer last Thursday released a shortlist of tips that his office intended to help individuals and businesses protect themselves against identity theft or a cyber attack....