Two recent cybersecurity solutions, an artificial intelligence-based biometric security measure from Nuance; and a password policy module from Wombat Security, could help protect credit unions and other organizations defend against fraud. Burlington, Mass.-based...
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?
State Regulator Conserves Michigan Credit Union
Poor financial performance According to NCUA financial performance reports, the $84.6 million Ukrainian Future Credit Union is well capitalized and has not posted net income losses over the last five years, but Michigan regulators placed the Warren-based...
Citi to Refund $335 Million After Finding Card APRs Too High
Credit card rates Citigroup Inc., one of the world’s largest credit-card issuers, said it will refund $335 million to U.S. customers whose annual percentage rate should have been lower. The lender determined that a method it was using to calculate APRs...
Identity Thieves Are Trying to Tap Colorado Annuities: Officials
Identity thieves are trying to loot annuities in Colorado, according to officials at the Colorado Division of Insurance. Division officials want consumers to talk to insurers about account safeguards. "Individuals with annuities, or even life insurance, can...
Another Credit Union Prevails in ADA Case
ADA Code Washington, D.C.-based Department of Labor Federal Credit Union has prevailed in a lawsuit brought against it over the accessibility of its website, according to documents filed in a Virginia District Court. The complaint alleged that the plaintiff...
Wisconsin Credit Union Buys Bank
Acquisition The $413 million Superior Choice Credit Union in Superior, Wis., said it signed an agreement to buy the $79.1 million Dairyland State Bank in Bruce, Wis. The deal is expected to close in the third or fourth quarter of this year pending regulatory...