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,...
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?
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...
Fiserv Unveils Credit Monitoring & Rebranded Raddon Financial Group
Brookfield, Wis.-based Fiserv announced Credit Sense, a new offering that allows members to monitor their credit score, and the rebranding of Raddon Financial Group to Raddon, a Fiserv company. Credit Sense, enables credit unions to meet member expectations for...
Investors Flip for Bigger Gains, Online Lenders Play Growing Role
Investors are finding record profits flipping houses that are smaller and older than in the bubble heyday of 10 years ago, according to a report released Thursday by ATTOM Data Solutions. The Los Angeles real estate analytics firm found 193,009 home flips in 2016....
Undercover FBI Agents Posing as CU Loan Officers Arrest Georgia Man
FBI special agents working undercover as credit union loan officers arrested a Georgia man Monday who allegedly used a fake ID to apply for a car loan at the $377 million Kinetic Federal Credit Union in Columbus, Ga. Retired FBI special agent Randall Allen, who works...
Speedy Confirmation Won’t Mean Quick Action on DOL Fiduciary Rule
Industry officials anticipate a quick confirmation of R. Alexander Acosta to be the next secretary of Labor after his March 15 confirmation hearing before the Senate Health, Education, Labor and Pensions Committee. Following next week’s hearing,...