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...
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?
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...
ICBA Calls on Trump Administration to Push Review of CU Tax Exemption
The Independent Community Bankers of America are asking the Trump Administration to push for a review of the credit union tax exemption, contending that they have an unfair advantage over banks. In a white paper sent last week to Treasury Secretary Mnuchin, the ICBA...
Space Coast CU CEO Douglas Samuels Dies Suddenly
Douglas Samuels, president/CEO of the $4 billion Space Coast Credit Union, died suddenly and unexpectedly Friday, the Melbourne, Fla.-based credit union said Friday. He was 57. Samuels joined SCCU in 1991 as the vice president of information systems. He was...
Credit-Debit Card Fraudsters Target the Affluent
If you make $75,000 or more a year and have a college degree, you are more likely to receive a credit and debit card fraud alert from your financial institution, according to a new survey report from CreditCards. com. What’s more, despite the best efforts of...
5 Reasons for Employers to Feel Worried
Uncertainty is a common theme among employers this year thanks, in part, to new technologies, an unpredictable Trump administration and a web of new compliance standards on every government level, according to an annual survey from the law...