In a move that is seldom taken by credit unions, the $213 million Florida State University Credit Union announced Thursday the firing of a long-time employee who allegedly embezzled $825,000 over three years. The Tallahassee-based credit union said Kevin Lee, 33,...
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?
House Members Introduce Resolution to Nullify CFPB Payday Rule
A bipartisan group of House members on Friday introduced a resolution to nullify the CFPB’s payday lending rules. The rules, issued in October, but only published on Nov. 17, would crack down on an industry that critics contend charge exorbitant interest rates...
Almost a Quarter of FIs Don’t Have CECL Implementation Committees
About a quarter of financial institutions haven’t formed CECL implementation committees yet, according to new data from risk software company Sageworks. The Raleigh, North Carolina-based firm polled 172 financial institution chief credit officers, chief...
Should Bitcoin Finance Retirement?
A bitcoin IRA? What is the world coming to? The cryptocurrency has become so popular—despite fears of instability, possible illegality and potential loss—that its market value is now courting $10,000, even as industry heavyweights...
Unsubscribe Day: The Best Holiday
“Did you know email can be delivered faster than regular mail?” Yep, that was a sentence from a presentation about email marketing recently. Unbelievable. It’s 2017 people! A lot of us have a “Love/Hate” relationship with email. We hate...
CU Solutions Group Puts $500k Into Digital Financial Services Start-Up
A young CUSO building a cloud-based financial platform for credit unions has received a $500,000 investment from CU Solutions Group, according to a press release. The company, Constellation Digital Partners, LLC, is building a financial services marketplace and...