Retirement is the most expensive purchase most people will make, yet many Americans are underfunding their retirement, according to a new study from Merrill Lynch and Age Wave. The study, Finances in Retirement: New Challenges, New Solutions, is...
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?
Credit Union Executives Make Career Moves
This past week, five credit unions announced new hires, promotions and retirements. In addition, the Filene Research Institute hired an executive. WEST The $640 million AltaOne Federal Credit Union in Ridgecrest, Calif., announced president/CEO Robert...
Increased Mobile Banking Use Helps Us Save More: Report
Changes in consumer savings patterns highlight the overall digital money movement, according to the Austin, Texas-based Malauzai in a report highlighting both internal transfers and the external movement of funds. The mobile and internet banking provider’s...
Alabama One Released From Conservatorship, Legal Troubles Remain
The Alabama Credit Union Administration said Wednesday it terminated the conservatorship of the $582 million Alabama One Credit Union, which has been at the center of widely publicized controversies and lawsuits since 2013. The Alabama regulator took control of the...
Trump Nominates Acosta as Labor Secretary
President Donald Trump wasted little time in naming R. Alexander Acosta on Thursday as his new Labor secretary nominee to replace Andrew Puzder, who withdrew from the nomination on Wednesday. Acosta, the only son of Cuban immigrants, is law...
A Texas-Sized Credit Union Merger
Two Texas credit unions, the $197 million Qualtrust Credit Union of Las Colinas and the $1 billion Texas Trust Credit Union of Arlington announced that their boards agreed to unite. The newly combined credit union will begin joint operations under the Texas Trust...