Meeting with community bankers Thursday, President Trump reaffirmed his commitment to tailoring regulations to consider the size of financial institutions. “President Trump promised to work to tailor the nation’s regulatory framework so that it accounts...
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?
Mobile Banking Among Five Top Security Risks: Survey
Credit unions and banks are under a considerable amount of pressure to ramp up security with increased mobile banking adoption, a trend that is increasingly threatening the security of IT infrastructures. That is one disturbing finding from Woburn, Mass. based...
Home Depot & FIs Propose Major Settlement Over Data Breach
Home Depot has reached a proposed multimillion-dollar settlement with financial institutions affected by its 2014 data breach, according to documents filed in a U.S. District Court. The retailer agreed to pay up to $25 million to affected financial institutions,...
Successes & Challenges for CUs Using SBA’s Loan Programs
Small business lending is on the minds of credit unions and lawmakers this week in Washington, D.C. On Thursday, Randolph-Brooks Federal Credit Union’s executive vice president/chief lending officer, Sonya McDonald testified on behalf of NAFCU in front of the...
Cooperative Association Announces Dues Rebate for Members
The Cooperative Credit Union Association announced this week its member credit unions in Delaware, Massachusetts, New Hampshire and Rhode Island will receive a 7.5% rebate on their 2016 dues. The dues rebate averages to just under $1,000 per credit union member,...
Juxt-OPPOSE
Trust in <fill in the blank> has probably dropped to historic levels. Politicians, garbage collectors, internet connections, clean water – pick your issue; our trust in “it” has most likely gone down. In 1972, Gallup polling first asked the...