For eight years, Michael LaJoice lived the lifestyle of the rich and famous supported by the $18 million he stole from his own credit union. He drove a $95,000 Cadillac Escalade, flew in a private jet and lived in a 5,800-square-foot multimillion-dollar custom-built...
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?
Rounds to Bankers: Abandon CU Tax Effort & Unite in Fight for Reg Reform
Sen. Mike Rounds (R-S.D.) is urging banks to abandon efforts to repeal the credit union tax exemption and instead unite with them to push regulatory overhaul legislation. Rounds’ office today confirmed published reports that the senator told those attending the...
CU Direct Celebrates Grand Opening of Innovation Lab
IRVINE, Calif. - On March 22, CU Direct executives, employees, board members and representatives of member credit unions gathered at the CUSO's new Innovation Lab in Irvine, Calif., for a grand opening reception and ribbon cutting. The Ontario, Calif.-based auto...
New Mexico Credit Unions Favor Breach Notification Law
With data breaches increasing, states continue to push for consumer notification requirements. Last week, New Mexico passed the Data Breach Notification Act, which New Mexico credit unions urged for four years. Paul Stull, president/CEO of Credit Union Association of...
In A World…
Don LaFontaine was the voice of all of the great movie trailers until he passed away in 2008. Most famously, he’s known for the opening phrase in his deep, booming voice, “In a world….” Some of his work included: “Die Hard,”...
In Memoriam: Dorothy Pung
The $522 million HFS Federal Credit Union is remembers its retired President/CEO Dorothy Pung as a great leader, mentor and friend. Memorial services were held last week for Pung whose credit union career spanned more than four decades. Pung, 81, passed away on...