Increasing debt is the not only a problem for the federal government; it’s also a growing burden for U.S. consumers. According to the New York Fed’s latest Quarterly Report on Household Debt and Credit, household debt rose in 2017 for the fifth consecutive...
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?
Massachusetts CEO Placed on Administrative Leave
Shelley M. Holden, president/CEO of the $61 million Tewksbury Federal Credit Union, was placed on administrative leave after the board of directors in early December became aware of irregularities in several accounts including those held by Holden and her personal...
CUNA Mutual Group Gives $20 Million to Nonprofits
CUNA Mutual Group said Tuesday it has donated $20 million to help communities near its Madison, Wis., headquarters and three regional offices, and gave credit for the “unprecedented boost in funding” to the tax breaks signed into law by President Trump....
Subscription Service Automates Patch Management
Managing different patch vulnerabilities can tax lean IT departments, especially at credit unions. The launch of Boston-based Cygilant’s new security as a service SOCVue Vulnerability and Patch Management aims to help. The traditional processes of managing...
Mulvaney Pledges to Scrub CFPB Rules to Loosen Regulation
The CFPB intends to scrub its existing rules to determine if they strictly follow the Dodd-Frank Act and go no further, the agency said in a new Strategic Plan issued Monday. “Indeed, this should be an ironclad promise for any federal agency; pushing the...
Wright-Patt CU, TrueCore FCU, Atlanta Postal CU Promote Staff
Eight credit unions from coast to coast had a busy past few weeks as they finalized new hires, promotions and CEO appointments. Plus, the Worldwide Foundation for Credit Unions hired a new executive. WEST The $2 billion Numerica Credit Union in Wenatchee, Wash., hired...