When I was in grammar school, the school had a savings program through a nearby bank. We would save our pennies and then at the end of the month a teacher deposited our savings at the bank. The student depositors had a bank book showing our savings. Many times the...
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?
It’s Always Data Breach Season
KrebsOnSecurity revealed Nashville-based Shoney's restaurant was hit by a data breach at several locations around the country. Additionally, the InterContinental Hotels Group disclosed malware compromised registers at more than 1,000 properties. Best American...
More Than Half of Workers Unhappy, Just OK With Employer Benefits: EBRI
Health insurance, retirement plans and dental or vision coverage are must-haves for employers that want to keep employee morale high, but over half of workers are lukewarm about or dissatisfied with their employers’ benefits packages, according to new data from...
Retired Executive Returns as CEO
For Darrell Merkel, retirement only lasted for about three years. Merkel, who retired from the $1 billion SAFE Federal Credit Union as an executive vice president in 2014, was named president/CEO of the Sumter, S.C.-based cooperative Tuesday. He succeeded Beverly...
Less Than Half of Americans Confident They’ll Reach Their Retirement Goals: AICPA
Less than half of non-retired Americans are confident they’ll reach their financial goals by retirement, according to a new survey conducted for the American Institute of CPAs. The survey, which was conducted by telephone among 1,018 adults aged 18 and...
CMFG Ventures Invests in Online Mortgage Platform
CMFG Ventures LLC announced Tuesday that it has invested in a Chicago startup company that provides online mortgage origination systems to lenders. The venture capital entity of CUNA Mutual Group led the extension for MortgageHippo Inc.’s seed round of...