Credit unions in Kansas, Georgia and Connecticut recently appointed new CEOs. Frank Shoffner was named president of the $790 million Credit Union of America in Wichita, Kan., the board of directors announced Monday. Shoffner will become president and CEO following the...
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 Unions Maintain Auto Lending Drive
Sliced, diced or chopped, the numbers for 2017 so far seem to show credit unions are making more auto loans than other lenders and maintaining healthier portfolios. Experian’s “State of the Automotive Finance Market” report released Thursday showed...
Can Your Business Members Manage Their Cash Flow Through the Holidays & Beyond?
Imagine being the owner of a small independent retail store. A majority of your revenue stems from holiday sales each year, but to prepare for the rush, you must order additional inventory and hire extra staff weeks before Halloween. Meanwhile, most of that revenue...
Taxi Medallion Crisis Could Lead to Loss Reserve Increase: Metsger
The NCUA may be forced to increase loss reserves for the Share Insurance Fund as the value of taxi medallions plunges, putting credit unions that made medallion loans at risk, NCUA board member Rick Metsger said Friday. “Prices for New York taxi medallions at...
Driverless Cars & Millennial Fatigue: Day 1 at big. bright. minds.
Lauren Culp, manager of The Cooperative Trust, delivers a speech on millennial engagement. AUSTIN, TEXAS – That group of people everyone is sick of hearing about – millennials – and the application of AI in driverless vehicles were two hot topics at...
Two Former CU Employees Charged, One Sentenced
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...