As businesses are spending millions of dollars on technology and software to protect themselves from cybercrimes, they may be missing a leading cause of cybercrime by not investing their money in training their own employees. Human error is the leading...
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?
Raymond James Names New Head of Financial Institutions Group
The Financial Institutions Division of Raymond James has a new chief: Tim Killgoar, who takes over on April 1 from John Houston. Houston, a certified financial planner, has led the group for the past 11 years and is set to become head of the group’s Eastern...
NCUF to Host Twitter Chat for Financial Education
The National Credit Union Foundation is hosting a Twitter chat event for credit unions to promote National Financial Literacy Month in April. During the Twitter chat scheduled for April 5, credit unions and their employees are welcome to share best practices,...
CU Times Online Exclusive: A Visit to CU Direct’s Innovation Lab
[embedded content] CU Times Managing Editor Natasha Chilingerian visits CU Direct's new Innovation Lab, which just opened in Irvine, Calif. We did a live Skype interview with CU Direct's SVP of Marketing and Innovation, Brian Hendricks, as well as its new VP of...
CFPB Hits Experian With $3 Million Penalty for Consumer Deception
The CFPB took action against Experian and its subsidiaries for deceiving consumers about the use of credit scores sold to consumers. The agnecy ordered Experian to pay a $3 million penalty. The bureau also ordered the Costa Mesa, Calif.-based Experian to truthfully...
Former Credit Union CFO Slammed With 11-year Sentence
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...

