How can members sift through the hype and warnings to determine which security threats are real? Here are four things every credit union should do to increase accountholder online security. Tom DeSot, CIO at San Antonio, Texas-based Digital Defense, Inc., who compiled...
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?
Business Lending Q & A With Alliant Credit Union
Alliant Credit Union of Chicago’s Member Business Loans grew 24% last year to reach $355.6 million by Dec. 31, accounting for 5.5% of Alliant’s total loans. Alliant’s growth outstripped the national growth rate of 15% in 2016, which NAFCU showed was...
Consumers Demand More From ATMs: Survey
Credit unions and other financial institutions had better get ready to embrace multitasking if they intend to be ATM operators much longer, according to a new report from ATM Marketplace and Italian software provider Auriga. The report, which surveyed more than 300...
CFPB Makeup Is Unconstitutional, Republican AGs Argue
Fourteen Republican state attorneys general have filed a brief in federal court in support of a mortgage firm challenging the constitutionality of the structure of the CFPB. In addition, 13 trade associations representing financial services organizations, including...
Why Credit Unions Need to Focus on Member LTV
Lifetime Value (LTV) has been discussed as an important metric in financial services marketing for many years. If you aren’t familiar with the term, it is basically defined as the projected revenue a given member will generate over the course of their...
NCUA Bans Six Former Credit Union Employees
The NCUA announced last month that it banned six former employees from participating in the affairs of any federally-insured financial institution for stealing money and other crimes. Fuataina Afutiti, the former president/CEO of Veterans Health Administration Credit...