Jeb Hensarling, House Financial Services Committee Chairman, said Wednesday that he will hold a hearing to discuss the Financial Choice Act, his bill to replace Dodd-Frank, on April 26. The Financial Services Committee approved the Financial Creating Hope...
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?
Boomers Turning Frugal, Anticipating Sparse Retirement
They’re expecting it, because of all they’ve endured during the Great Recession and its wake—a retirement that might not be all that comfortable. And they’re cutting back accordingly. Boomers, according to a CBS Moneywatch report,...
Millennials’ Capabilities: Perspective From an Older Generation
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...
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...