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...
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?
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...
DDoS Attacks Decreasing, but Repeatedly Hammering Targets
The IT/Cloud/SaaS industry, representing 45% of mitigation activity, was the most frequently targeted industry by DDoS attacks for the twelfth consecutive quarter according to the latest Verizon Trends report. The Reston, Va.-based Verisign’s Distributed Denial...
First-Time Homebuyer Surge Complicates Housing Market
At a moment when overall home sales are slowing, the first-time homebuyers market is hot. First-timer demand in the third quarter hit its highest level since the same quarter of 2000, Genworth Mortgage Insurance reported Tuesday. First-timers bought 601,000...
Force NCUA to Repeal Risk-Based Capital Rule: MIT Credit Union CEO
The NCUA’s risk-based capital rule will force many credit unions to curtail much-needed services simply to comply with an ill-conceived regulation, Brian Ducharme, president /CEO of the MIT Federal Credit Union, told a House subcommittee Thursday. “With...