A 45-year-old former employee of the $45.5 million Strip Steel Community Federal Credit Union pleaded guilty to embezzling $82,000 in U.S. District Court in Wheeling, W. Va., last week. Michelle K. Martin admitted that she stole the funds from October 2016 to May 2017...
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?
Ohio CU Executive Retires
Becky Howell, MedPro Division CEO of the $83.7 million Ohio HealthCare Federal Credit Union in Dublin, Ohio, will retire Dec 31. Howell was the President/CEO of MedPro Federal Credit Union when it merged into Ohio HealthCare FCU in 2013. She began working in the...
Effective Sexual Harassment Policies Require Proper Training
The proliferation of high-profile sexual harassment and sexual assault claims in recent months has been staggering, and it is a safe bet that such claims will greatly increase in number in the New Year. To be sure, victims of such harassment have found...
Demand for Home Equity Lending Increasing: Raddon
Good news for financial institution heading into the new year. Anticipated loan demand is finally increasing, especially for home equities, according to Raddon’s 2017 national study. The research, “Lending Insights: Loan Demand Rebounds but Challenges...
Credit Unions Spread Cheer, Annual Dividends
Six credit unions have announced $18.1 million in annual dividends, or an extra $19.34 for each of their 957,192 members. Last year, credit unions paid members $5.1 billion in total dividends on shares, and $628 million in interest on state credit union deposits....
CU & Banking Groups Renew Call for Federal Data Breach Legislation
Credit union and major banking trade groups are calling on the House Energy and Commerce Committee to help develop a national standard for data breaches that requires consumers to be notified immediately when a breach occurs. “Data breaches impose significant...