Congressional negotiators this weekend reached a FY2017 funding deal that would provide a $15 million increase for the Community Development Financial Institutions program, despite President Trump’s desire to kill it. The funding measure, totaling some 1,600...
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?
Altura CU, LAFCU, CUES Hire and Promote
This past week, seven credit unions revealed new hires, promotions and appointments. Plus, CUES and CU Members Mortgage added new talent to their executive teams. WEST The $640 million AltaOne Federal Credit Union in Ridgecrest, Calif., hired Gary Petersen as the new...
Supreme Court Says Cities Can Sue Banks Over Housing Discrimination
A divided U.S. Supreme Court on Monday ruled in a key Fair Housing Act case that Miami has standing to claim in court that it was harmed by the discriminatory lending practices of banks—but it must meet a high standard of proof to establish causation. The 5-3...
NCUA Bans Five Former CU Employees
Five former credit unions employees, including two CEOS, convicted of embezzlement were banned from participating in the affairs of any federally insured financial institution, the NCUA said Friday. Theodore J. Longust, a former business relationship manager, was...
Proper Onboarding Can Prevent New Talent From Jumping Ship
A recent survey finds 28% of new hires are willing to quit their new jobs if they don’t find it satisfactory in the first 90 days. The study, by Robert Half & Associates, underscores the importance of appropriate onboarding strategies, says...
Chipotle & Auto Lending: Data Breach Impacts for CUs
Recent revelations show cybersecurity issues continue to plague financial institutions, businesses and consumers with the biggest potential breach possibly affecting some 550,000 to one million California auto loan company customers. Kromtech Security Researchers...