A Sound Credit Union employee who allegedly discriminated against a black Muslim woman that ignited a social media firestorm is no longer with the Tacoma, Wash-based cooperative. The $1.4 billion Sound CU posted its announcement on Facebook Monday night, but it did...
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?
CO-OP THINK Panel Exchanges Payment Strategies
Credit union strategies and solutions for navigating the evolving payments landscape was an industry session lunch panel emphasis at the CO-OP Financial Services THINK 17 conference in New York City. On the panel: Jess Turner, EVP, North America digital payments and...
Trades Tally Hurt from Military Lending Rules
Credit unions serving military personnel have seen a drop in consumer loans, which trade groups attribute to regulations designed to protect service members from lending abuses. CUNA and an allied group, the Defense Credit Union Council, sent a seven-page letter to...
House Dems Want Additional Committees to Examine CHOICE Act
Democrats have requested three additional House Committees to review provisions of the House Financial Services Committee Financial CHOICE Act, a move that could delay House consideration of the measure. The Financial Services Committee approved Chairman Jeb...
Trump’s Cybersecurity Order: Credit Union, Bank Leadership React
Three financial services trade organizations had mixed reactions to an executive order, signed by President Trump last week, that calls for a massive review of cybersecurity efforts in government agencies, requires agencies to use one set of cybersecurity...
Ransomware Bomb Aftershocks Rock Worldwide Businesses & Groups
A cybersecurity bomb unleashed a massive ransomware campaign affecting 200,000 computers, and numerous organizations, with thousands of infections in more than 150 countries including the United States, United Kingdom, and Russia. The latest version of this ransomware...

