Many millennials are perfectly happy making their own investment decisions, but that doesn’t mean they’re discounting professional financial help. That’s according to Schwab Retirement Plan Services, which finds in a survey that 64% of...
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?
Cleveland Fed Removes Report on Marketplace Lending to Clarify
A report by the Federal Reserve Bank of Cleveland that slammed the peer-to-peer lending industry has been taken offline for clarification after researchers received inquiries about their methodology. The authors of the Nov. 9 report “have received several...
FIs Hit by $30 Million Mortgage Fraud Scheme
A New Jersey attorney and a real estate agent were charged with allegedly running a massive mortgage fraud scheme that caused more than $30 million in losses for at least five financial institutions, according to a criminal complaint filed last week in U.S. District...
Top Fintech Innovators Named
China tops the list of fintech innovators, nabbing the top three spots and five of the top 10 on the 2017 Fintech 100 list. According to KPMG International, the list, which was compiled by Fintech Innovators, a collaboration...
Credit Unions Appoint New CEOs
Credit unions in Michigan, Delaware and Oregon named new CEOs earlier this month. In Michigan, Stephen P. Grech was appointed president/CEO of the $195 million Monroe County Community Credit Union in Monroe, which serves 28,355 members. He succeeded Mike Newman who...
Belco Community CU, SkyOne FCU, Ent CU Promote Employees
Numerous credit union employees will begin the Thanksgiving holiday with new job titles, as five credit unions announced new hires and promotions this past week. Plus, the Cooperative Credit Union Association presented an award of excellence. WEST Following the...