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...
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?
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...
OCC Fintech Plan Faces Uncertainty as Comptroller Term Expires
As the term of Comptroller of the Currency Thomas Curry expires and with no replacement in sight, the OCC could be headed toward a showdown with Congress over the agency’s decision to issue special charters to fintech companies. Curry announced in October that...
Credit Union Innovation is Risky Business
Growing expectations and nontraditional competitors requires credit unions to think creatively. The Filene Research Institute tries to spur innovation to help credit unions generate loans, mobilize savings, and reinforce membership. Since 1989, Madison, Wis.-based...
The Rise of AI-Powered Anomaly Detection Solutions
If an anomaly occurs in a KPI but your analysis tools are unable to spot it, did it really happen? Today almost every business is a data-driven business. Whether it’s the monthly scrap rate at a factory or the conversion rate of website visitors to sales, each...

