Following four consecutive quarters surpassing five billion electronic payments each, overall ACH network volume in 2016 reached 25.6 billion transactions and $43.7 trillion transferred, according to NACHA — The Electronic Payments Association. This represents...
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?
In Some Places, Average is a Failing Credit Score
In Sun City West, Ariz., the average resident has a credit score so high that banks would be lining up to extend loans. Drive 270 miles northeast to Pinon, Ariz., or 2,400 miles east to Camden, N.J., and the average resident has a credit score so low most banks...
Rogue CU, Royal CU, Veridian CU Reveal Staffing News
Credit unions located across the nation, as well as the Minnesota Credit Union Foundation and Iowa Credit Union League recently announced new hires, promotions and appointments. Check out this past week’s People news below. WEST The $1.2 billion Rogue...
Museum Names Research Library After Dick Ensweiler
America’s Credit Union Museum honors retiring Cornerstone League CEO Dick Ensweiler.
CFPB Rule Exemption for CUs Equals Economic Growth: Trades
Credit unions could be freed up to spur more economic growth if Congress exempted many – if not all – of them from CFPB rulemaking and enforcement, trade groups told the Senate Banking Committee this week. “By more clearly directing the CFPB to...
Breaches Continue to Surpass 2016’s Record Pace
The Identity Theft Resource Center compared the number of breaches by industry sector for 2016 and 2017. Somewhat unnoticed in the midst of tax-season fraud and other cybersecurity headlines is the fact that the U.S. business sector has seen a 54% jump in the number...