It is one thing to boast about communicating with users, it is quite another to actually build a core processing system using customer collaboration, such as Layton, Utah-based CUProdigy does. The foundation of CUProdigy’s capabilities centers around its cloud...
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?
Scary Number of 2017 Breaches Tops 2016 Record High
Talk about scary Halloween tales. The number captured in the 2017 ITRC Breach Report now totals 1,103, an increase of 22.4% over last year's record pace for the same period (901). As of October 18, the breach total also represents 171,588,466 reported exposed records,...
Black Americans Twice as Likely as Whites to Default on Student Debt
Nearly half of black Americans who borrowed from the federal government to attend college defaulted on their student loans—more than double the rate among white student debtors, according to new data from the U.S. Department of Education. The figures are part of...
Would Blockchain Have Blocked Wells Fargo’s Misconduct?
It’s been over a year since the Wells Fargo banking scandal came to light. Currently, Wells Fargo estimates their employees opened 3.5 million unauthorized accounts. In response, the bank’s leadership continues to be criticized by leading politicians...
Pennsylvania Association Launches New Logo, Brand Promise
The Pennsylvania Credit Union Association introduced Thursday its new logo and what it called a new brand promise of “moving your credit union forward.” “We made the decision to rebrand as a way to reinforce our leadership role in the credit union...
Default Retirement Savings Rates Could Go Much Higher
A retirement crisis that sees most Americans poorly, if at all, financially prepared to leave the workplace could see improvement if default savings rates were pushed higher — not just a little, but a lot higher. So says new...

