The threats posed by cyber attacks and identity theft continue to grow as cyber criminals always seem to be on offense while consumers and insurers are on defense. A study recently released by Javelin Strategy and Research found that cyber...
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?
Former Credit Union Board Chair Indicted
A former board chair of a Virginia credit union was indicted Thursday on 20 felony charges of forgery check forgery and ID fraud. Mark M. Whitaker served as board chair of the $101,630 New Bethel Federal Credit Union in Portsmouth, Va. from at least 2012 to 2015 when...
World’s Best Cities to Launch a Fintech Firm: Deloitte Report
Deloitte published in April an interim report on behalf of the Global FinTech Hubs Federation (GFHF) that measures the fintech environment in 44 cities. Three U.S. cities are included in the report, including one new city since the initial report was...
CHOICE Act an Effective First Step Toward Dodd-Frank Repeal: CUNA
The latest version of the Financial CHOICE Act, unveiled by House Financial Services Chairman Jeb Hensarling (R-Texas) this week would provide credit unions with much-needed regulatory relief, Ryan Donovan, CUNA’s chief advocacy officer said Friday. And while...
PSCU Engages Mastercard to Help Fintech Startups
St. Petersburg, Fla. based PSCU, which calls itself the nation’s leading credit union service organization announced a partnership with Mastercard Start Path Global, a program supporting later-stage fintech startups. Fintech companies are businesses that...
NCUA Conserves Georgia Credit Union
The NCUA placed the $23.1 million Community United Federal Credit Union into conservatorship Thursday and installed experienced management to correct the operational weaknesses that is affecting the Waycross, Ga.-based cooperative’s safety and soundness. While...