The market for wearables is expected to post an 18.4% compound annual growth rate from 2017 to 2021, according to new data from market intelligence company International Data Corporation. Basic wristbands such as Fitbits have been leaders in this area for some time,...
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?
FIs, Digital Transactions: Top Phishing Targets
Financial institutions and digital transaction brands continue as favorite targets of phishing campaigns according to a third-quarter phishing trend report from San Francisco-based digital threat management solutions provide RiskIQ. In a follow-up to its Q3 mobile...
CFPB Announces HMDA, Prepaid Card Changes; Quietly Shifts Mission Statement
As a federal court prepares to determine whether his appointment is legal, Acting CFPB Director Mick Mulvaney Thursday announced that the agency will not assess penalties for Mortgage Disclosure Act data collected in 2018 and reported in 2019 and will change its rule...
Two Michigan CUs Merge to Begin 2018
After ratification by members, Jackson Community Federal Credit Union will merge with BlueOx Credit Union on Jan. 1, 2018. In a statement released to CU Times, BlueOx Credit Union president/CEO Fran Godfrey said, “Smaller credit unions are increasingly...
Employer-Sponsored Medical Plan Costs Expected to Rise 8.4%
Costs for employer sponsored-medical plans in 2018 are likely to rise 8.4% – nearly triple the projected rate of inflation, as global risk factors such as high blood pressure, physical inactivity and obesity increase, according...
CU Tax Exemption Intact, but Another Fight Looms
The House Wednesday cleared the conference report on the huge tax overhaul bill that preserves the credit union tax exemption, but the battle may not be over. Congress sent President Trump the tax bill, but congressional leaders already have warned that a so-called...