NASCUS will continue to press House Financial Services Chairman Jeb Hensarling (R-Texas) to propose expanding the NCUA board from three to five members as part of his massive overhaul of the Dodd-Frank Act, association president Lucy Ito said Monday. In the version 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?
Government Shutdown Won’t Impact CFPB, NCUA for Now
The NCUA and the CFPB will not close even if there is a lapse in federal funding at the end of the week and many agencies are forced to shut down most operations. The two agencies are not subject to the appropriations process, so their funding is not contingent on a...
CU Professionals Make Career Advancements
This past week, HR departments at nine credit unions across the country were busy helping employees move to the next level in their careers. Check out the latest People news here. WEST The $1.2 billion Columbia Credit Union Vancouver, Wash., hired Allan...
Social Media Challenges for Credit Unions
The financial services industry has a love-hate relationship with social media. They like how accountholders can communicate directly with financial institutions but fear how startups use it to threaten traditional relationships. Almost two-thirds of American adults...
6 Factors Impacting Identity Theft Risks
The threats posed by cyber attacks and identity theft continue to grow as cyber criminals always seem to be on offense while consumers and insurers are on defense. A study recently released by Javelin Strategy and Research found that cyber...
Former Credit Union Board Chair Indicted
A former board chair of a Virginia credit union was indicted Thursday on 20 felony charges of forgery check forgery and ID fraud. Mark M. Whitaker served as board chair of the $101,630 New Bethel Federal Credit Union in Portsmouth, Va. from at least 2012 to 2015 when...