Credit union trade groups Thursday vowed to fight President Trump’s plan to kill the Community Development Financial Institutions Fund (CDFI) program, as proposed in the administration’s FY2018 budget plan. “The Administration's dramatic...
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?
PSCU Partnership Highlights Fight Against Call Center Fraud
Fraudsters keep trying their hand at duping call centers to access member accounts, but a new partnership between PSCU and an Atlanta-based company called Pindrop is calling attention to a new wave of audio technology that could help pinch dial-in criminals before...
Fed Interest Rate Hike a Welcome Sign for Credit Unions
The Federal Reserve’s decision to increase its key interest rate by a quarter point is a bit of good news for credit unions, economists said Thursday. And the expectation that the Fed will boost rates again this year is even better news, they said. "The...
Credit Card Bonus Points Programs Fuel Wanderlust
I’ll admit it: I am the credit card holder no financial institution wants. I pay my credit card balances in full every month, so they’re not getting any money from me in interest or late fees. And last fall, I started a new hobby: Applying for credit cards...
More Than 1.1 Million Federal Student Loan Defaults In 2016
Analysis of Department of Education data reveals a 17% increase in 2016 in the number of Americans in default on federal direct loans serviced by companies hired by the federal government. “3,000 preventable student loan defaults each day in America is 3,000 too...
Southeastern League Announces Dues Rebate
For the fifth consecutive year, the League of Southeastern Credit Unions & Affiliates will issue full-dues paying credit unions a rebate in April. This year’s rebate will be 5.6%, equivalent to $202,623. While the average dues rebate is approximately $734...