When a California credit union teller began stealing money in 2009, she knew it was wrong but she couldn’t stop. By the time her fraudulent scheme was exposed in 2015, the teller pilfered more than $410,000 from senior citizens, including a few who had dementia....
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?
Better Ways to Lure Members: CUNA Mutual Study
Credit unions have an enormous opportunity to increase their reach by better explaining themselves to non-members and weakly connected members, according to a study from CUNA Mutual Group. One out of four people do not identify themselves as credit union members even...
Social Media Culture in Regulated Markets: BankSocial
Credit union and banking officials are combining digital forces this week at the #BankSocial Conference in Miami, Fla. The purpose, to create an organizational culture, innovation, engagement and strategies revolving around social media efforts in the highly-regulated...
Trump’s Data Privacy Repeal & Credit Unions: Part 2
Last week Congress voted to repeal the regulation preventing internet service providers from selling customers’ web browsing and app usage data without consent. CU Times spoke with Information privacy, security and compliance consultant Rebecca Herold,...
CO-OP Financial Services Acquires TMG
CO-OP Financial Services has acquired the Des Moines, Iowa-based payments processor TMG in a $100 million all-cash deal and has restructured its management team, according to an announcement today. The Rancho Cucamonga, Calif.-based CUSO has been a minority owner in...
Financial Literacy Lessons From TFCU
When you have a credit union named Teachers Federal Credit Union, National Financial Literacy Month is a big deal. And the significance is not lost on its leadership. Robert Allen, president and CEO of TFCU, said there's a long history of financial education for...