An Alabama federal grand jury Friday indicted an 18-year-old Birmingham man for robbery and hostage taking during a robbery of the Tuscaloosa branch of the $737 million Alabama Credit Union in January, Acting U.S. Attorney Robert O. Posey said. A three-count...
Credit Union Industry News & Updates
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Mushrooming World of Ransomware Has Its Eye on Businesses
The United States and Europe lead the world in malware infections, but makers of one kind of malware — ransomware — have their sights especially set on businesses in the United States and the rest of North America, according to new study from Santa Clara,...
Dodd-Frank Overhaul Takes Center Stage, As GAC Convenes
Barring unexpected surprises, President Trump will be at least a couple of miles away from the Washington Convention Center. But make no mistake, President Trump’s presence will be felt all over CUNA’s annual Governmental Affairs Conference. Trump speaks...
Half of 2016 Phishing Attacks Target Victims’ Money
Almost half of all phishing attacks, which involved fraudulent email messages or copycat websites that appear legitimate, registered in 2016 by heuristic detection technologies looked to steal their target’s funds. Last year, Woburn, Mass.-based Kaspersky...
Who’s Optimistic About Retirement?
It certainly isn’t the case for all American workers, but the respondents to a survey from T. Rowe Price are certainly in a good frame of mind about their potential for an ideal retirement. The study, “Understanding Investor Attitudes Toward...
CU Employee Indicted for $1.6 Million Embezzlement
It took nearly three years for federal prosecutors to indict a former bookkeeper who allegedly stole $1.6 million from a credit union vault. A federal grand jury in Milwaukee, Wis., indicted Melisa A. Beyer on Feb. 14 with one felony count of embezzlement and one...