Kesha Kestler, a former accountant for the $1.3 billion Barksdale Federal Credit Union in Bossier City, La., was arrested last week for allegedly stealing nearly 50,000 from dormant accounts, including one of a deceased member, according to the Caddo Parish...
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?
DDoS Attacks Decreasing, but Repeatedly Hammering Targets
The IT/Cloud/SaaS industry, representing 45% of mitigation activity, was the most frequently targeted industry by DDoS attacks for the twelfth consecutive quarter according to the latest Verizon Trends report. The Reston, Va.-based Verisign’s Distributed Denial...
First-Time Homebuyer Surge Complicates Housing Market
At a moment when overall home sales are slowing, the first-time homebuyers market is hot. First-timer demand in the third quarter hit its highest level since the same quarter of 2000, Genworth Mortgage Insurance reported Tuesday. First-timers bought 601,000...
Force NCUA to Repeal Risk-Based Capital Rule: MIT Credit Union CEO
The NCUA’s risk-based capital rule will force many credit unions to curtail much-needed services simply to comply with an ill-conceived regulation, Brian Ducharme, president /CEO of the MIT Federal Credit Union, told a House subcommittee Thursday. “With...
Authorities Investigating Police Credit Union in Kentucky
State and federal authorities are investigating suspected theft at the $28.7 million Louisville Metro Police Officers Credit Union, according to police and the Kentucky state regulator. “The Louisville Metro Police Officers Credit Union reported a suspected...
CUs Close, Employees Evacuate as Wildfires Scorch California Again
For the second time in less than two months, at least four wildfires have destroyed homes, buildings, cars, and more than 80,000 acres forcing tens of thousands to evacuate their neighborhoods and communities over the last three days across Los Angeles, Ventura, San...