When Paul Simkins left his bank job to become a credit union branch manager, he admitted that “service to others” was not on his mind. After learning and experiencing the difference between credit union and banks, however, Simkins became known as one of...
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?
Machine Learning Teaching CUs About Security & Optimization
The irony is not lost on how nonhuman interaction using machine-learning capabilities in financial technology could supply a more personalized member experience, as well as added security and operations performance. The usage of AI, and its subset machine learning, is...
Another CU Sues Chipotle Over Alleged Data Breach
A second credit union is suing Chipotle for damages related to the fast-casual restaurant company’s recent alleged data breach. Benton, Ark.-based Alcoa Community Federal Credit Union filed a class-action suit against Chipotle on May 26 in a Colorado District...
What Tech Traps Are Examiners Looking For?
Almost half of financial organizations reported being examined by regulators in the last 12 months, according to Smarsh’s 2017 Electronic Communications Compliance Survey, and examiners are looking more closely at firms’ communications. However, although...
Tech CU, Bellco CU Welcome New Leadership
This past week, seven credit unions announced promotions, new hires and retirements. In addition, CUNA Mutual Group, Arch Mortgage Insurance Group and La Macchia Group shared news about their executive teams. WEST The $2.2 billion Technology Credit Union in San Jose,...
3 Reasons Financial Wellness Might Sting
Two new financial wellness reports contain sobering thoughts for workers and employers, and the financial professionals who serve them. Prudential Financial Inc. has published a guide to financial wellness programs by two of the company's top...