A June jury trial is set for Nita Rae Nirschl a former president/CEO who was charged with embezzling more than $5 million from $13.3 million Parsons Pittsburg Credit Union that led to its insolvency. During an April 12 hearing in U.S. District Court in Wichita,...
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?
CFPB Sets Fair Lending Priorities
The CFPB will focus its fair lending resources on small business lending, mortgage and student loan servicing and redlining, the agency has announced in its annual Fair Lending Report. “Going forward, we will continue to identify areas of new and emerging fair...
ACH Volume Surpasses 25 Billion Payments
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...
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...
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...
Museum Names Research Library After Dick Ensweiler
America’s Credit Union Museum honors retiring Cornerstone League CEO Dick Ensweiler.