This past week, nine credit unions across the nation shared announcements of new hires, promotions, retirements and in the case of one credit union, a long-time board member’s passing. WEST The $268 million San Diego Metropolitan Credit Union in San Diego...
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?
PenFed Announces Third Merger of the Year
The $20.6 billion Pentagon Federal Credit Union in Tysons, Va. announced its third merger of the year Friday. Members of the $114 million Augusta Metro Federal Credit Union of Augusta, Ga. voted to merge with PenFed. “This was the best...
Federal Jury Indicts Man for Robbery, Hostage Incident at Alabama CU
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...
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...