A former employee for a Wyoming credit union was sentenced on March 7 after admitting to embezzling more than $30,000. Maureen Hall, 59, of Cheyenne, Wyo., pleaded guilty to one count of credit union embezzlement. U.S. District Judge Nancy D. Freudenthal sentenced...
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?
WikiLeaks Revelation Opens Mobile Security Concerns
In early March, WikiLeaks revealed the Vault 7 papers, allegedly an insight into CIA techniques. However, their unveiling created a commotion in the security community, particularly when it comes to payments. “2017 has already proven to be an entertaining and...
ICBA Won’t Appeal Case Affirming NCUA’s MBL Rules
The Independent Community Bankers of America (ICBA) has decided not to appeal a federal judge’s decision to toss an ICBA suit challenging the NCUA’s Member Business Lending rules. “Instead, ICBA will explore all avenues for redress of NCUA’s...
Wisconsin Credit Union CEO to Resign for California CEO Spot
The Royal Credit Union in Eau Claire, Wis. said Monday its President/CEO Rudy Pereira for five years will resign April 14 to become the new president/CEO of the $2.2 billion Premier America Credit Union in Chatsworth, Calif. Royal CU said the move will allow...
Financial Industry Requesting Longer Delay of Fiduciary Rule
A large faction of financial services and insurance industry stakeholders have asked the Labor Department to delay implementation of the fiduciary rule beyond the proposed 60 days. The Securities Industry and Financial Markets Association,...
Healthcare Debacle Hurts Likelihood of Dodd-Frank Overhaul
The debacle that led to collapse of healthcare legislation on the House floor last week and the resulting acrimonious finger-pointing among Republicans could hurt the chances that substantive legislation, including a Dodd-Frank overhaul, may pass this year. “It...