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 Times | Accurate and Timely CU News | Credit Union Times

Credit Union Times | Accurate and Timely CU News | Credit Union Times Instant Insights / Credit Union Times: Cyber security roundup By Peter Westerman |February 13, 2018 Share these online dating safety tips with members via your website and social media. Browse...

NACHA & IFX Announce Merger Deal

API technology NACHA — The Electronic Payments Association and the Interactive Financial eXchange (IFX) Forum plan to combine forces in a deal they said will speed up and strengthen the development of standardized application programming interfaces (APIs)...

Cannabis CUs Move Forward Cautiously: Onsite at GAC

From left to right: CUNA Director of Advocacy Shelton Roulhac, Weedmaps Vice President of Government Relations Dustin MacDonald, Budding Solutions Founder and CEO Shanita Penny, former Colorado Director of Marijuana Coordination Andrew Freeman and Maps CU Chief Risk...

First-Time Homebuyers Make Biggest Share of Deals in 17 Years

“Open House” Photographer: Ty Wright/Bloomberg Millennials are playing homeownership catch-up. First-time buyers rushed into the market last year, making 38% of all single-family home purchases, the biggest share since 2000, data released...

FIs Hear Mobile Threat Drumbeat but Overlook Them: Verizon

Verizon’s Mobile Security Index, found many organizations – including those in the financial services such as credit unions and banks – overlook basic mobile cybersecurity principles, leaving themselves and customers vulnerable to attacks....

PAL Program Can’t Replace Payday Lenders: Pew

The highly touted NCUA Payday Lending Alternative model is not an effective replacement for storefront short-term lenders that charge customers exorbitant interest rates, Nick Bourke, director of The Pew Charitable Trusts’ consumer finance project said Monday....

CFPB Wants to Know How Well It Engages With Public, Stakeholders

The CFPB is asking for public comments on how well it engages with the public and stakeholders, including the activities of its Credit Union Advisory Council. The request for information in assessing its public and non-public is one of several Acting Director Mick...

Former Michigan CEO Admits Embezzlement

Stanley Hayes, former president/CEO of the liquidated Valley State Credit Union, is scheduled to be sentenced in April after he admitted to embezzling $710,000 from the Saginaw, Mich. cooperative. Michigan Attorney General Bill Schuette said Hayes pleaded guilty in a...