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...
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?
ATM Fees Hit Record High
ATM fees hit a record high for the 11th year in a row and checking fees also increased, according to Bankrate.com’s checking study released earlier this month. The average total cost of an out-of-network ATM withdrawal is $4.69, up 2.6% from $4.57 last...
CU Trades Seek Help From Congress & DoJ in ADA Battle
Credit union trade groups are urging Congress to enact legislation and the Justice Department to issue final rules that would assist businesses in fighting lawsuits contending that their websites violate Americans With Disabilities Act. At least nine lawsuits have...
CO-OP Announces Mobile Banking Biometric Security & Other Upgrades
Rancho Cucamonga, Calif. Based CO-OP Financial Services announced Mobile Banking 3.0, bringing new features to the company’s mobile banking product line. Upgrades include Touch ID authentication and expanded payment options. Mobile Banking 3.0 is available for...
Colorado Credit Union Sues Federal Reserve Bank
The Fourth Corner Credit Union asked a Colorado federal judge last month to force the Federal Reserve Bank of Kansas City to issue a master account that would enable the Denver-based state chartered credit union to serve social groups that support legalizing...
Mobile Banking Rising to the Top for Members
Mobile banking, along with its online digital partner, now represents the budding face of banking. Yet, not all mobile features and innovation are catching on just yet at all financial institutions. “Credit Union members increasingly prefer mobile banking as...