The Tampa, Fla.-based Trellance announced today that it has divested payments processor CSCU, meaning the two are now separate businesses. The move comes just days after CSCU announced on Dec. 18 that it had formed Trellance, which it said it created “to focus...
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?
Michigan Credit Union Signs Naming Rights Deal
The $541 million Frankenmuth Credit Union announced last week that it signed 10-year naming rights deal for a 2,500-seat arena in Birch Run, Mich. Financial terms of the deal were not disclosed. “We have two branches, a school branch and thousands of loyal...
Small Businesses Overpaying for 401(k) Plans: Study
Small-business owners and their employees are overpaying for their 401(k) plans, according to a new study from America's Best 401k. According to the report, most 401(k) studies are based on publicly available data required to be filed by plans with...
Malvertising Resurging After a Brief Hiatus
Malvertising is back, after a brief hiatus, in the third quarter of 2017 according San Francisco-based digital threat management solutions provider RiskIQ. malvertising has risen consistently since programmatic advertising gained popularity. Malvertising exploits...
McWatters Under Serious Consideration for CFPB Director
President Trump is seriously considering nominating NCUA Chairman J. Mark McWatters as CFPB director, according to sources inside the credit union industry. McWatters has been interviewed for the position and a background check is underway, one source told CU Times....
California Credit Unions Deliver Holiday Happiness
The popular Christmas song says “there’s no place like home for the holidays,” but the wildfires left thousands of California families without a home to celebrate the Yuletide season. California credit unions, however, recently made the season a...