The 2018 Identity Fraud Study released by San Francisco-based Javelin Strategy & Research, revealed identity fraud victims increased by 8% (rising to 16.7 million U.S. consumers) in the last year. The online survey of 5,000 U.S. consumers found despite industry...
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 Members Borrow More for Cards, Cars & College
Credit unions ended the year with consumer loans taking more spots in the portfolio parking lot, leaving a smaller share of the loan space for real estate. A preliminary assessment by CUNA and the Federal Reserve Bank’s G-19 Consumer Credit Report released...
NCUA Board to Consider Share Insurance Fund Distributions on Feb. 15
The NCUA board will discuss Share Insurance Fund equity distributions when it meets on Feb. 15. Last year, the board approved the merger of the Share Insurance Fund with its Corporate Stabilization Fund. At the time, board Chairman J. Mark McWatters said that the...
NCUA Board Considers Share Insurance Fund Distributions on Feb. 15
The NCUA board will discuss Share Insurance Fund equity distributions when it meets on Feb. 15. Last year, the board approved the merger of the Share Insurance Fund with its Corporate Stabilization Fund. At the time, board Chairman J. Mark McWatters said that the...
Credit Unions Name New CEOs, Retirements
Bangor Federal Credit Union named Basil Closson as its new president/CEO. Credit unions in North Carolina, New York, Maine, Massachusetts, Virginia and Indiana recently named top executive leaders and announced retirements. The $2.2 billion Truliant Federal Credit...
Nussle Tells Hatch Credit Unions Must Be Permitted to ‘Evolve’
Credit unions must be permitted to evolve, and that evolution should not endanger their tax exemption, CUNA President Jim Nussle said this week, in a letter to Senate Finance Chairman Orrin Hatch (R-Utah). Hatch recently wrote a letter to NCUA Chairman Mark McWatters...