The NCUA on Friday liquidated New York State Employees Federal Credit Union. Palisades Federal Credit Union of Pearl River, N.Y., immediately assumed most of the liquidated credit union’s assets and all members, shares and loans of the New York City-based credit...
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?
Most Consumers Satisfied With How FIs Handle Account Fraud
While 15% of U.S. consumers spotted fraudulent activity on their accounts last year, 85% said they were satisfied with how their credit union or bank handled the incident, according to a new survey commissioned by the Ottawa, Canada-based March Networks. The online...
Mastercard to Abandon Signatures at Checkout
Mastercard has announced it will stop requiring signatures at checkout for credit or debit purchases in Canada and the U.S. after April 2018. “Eliminating the need for signature is another step in the digital evolution of payments and payment security. At first...
Mobile Engagement Surpasses Internet Banking at Vons CU
Vons Credit Union announced that for the first time, mobile engagement surpassed internet banking interactions. The credit union utilizes the Austin, Texas-based digital banking provider Malauzai’s MalauzaiOne virtual banking solution. According to...
Number of 2017 Breaches Tops 2016 Record High
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 Oct. 18, the breach total also represents 171,588,466 reported exposed records, according to the report from the San...
Credit Unions Roll Out New Names, New Brands
Credit unions in Minnesota and Virginia recently introduced their new name and new brands. Chartered in 1933 in Duluth, Minn., the Duluth Teachers Credit Union changed its name to the Harbor Pointe Credit Union. Harbor Pointe CU was selected as the new name because it...

