South Carolina’s largest credit union the $2.1 billion Founders Federal Credit Union will pay $6 million over the next seven years to become the official credit union partner of Clemson University. The deal, announced last week, will expand the 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?
House Panel Approves Bills Supported by CU Trades
The House Financial Services Committee on Thursday approved 22 bills, many of which credit union trade groups say would provide their institutions with relief from burdensome regulations. “Most of these bills are aimed at helping smaller banks, credit unions and...
Allegiance Credit Union Board Appoints New CEO
The board of directors of the Allegiance Credit Union in Oklahoma City announced Thursday the appointment of Amy Downs as the next president/CEO. She will succeed the retiring President/CEO Lynette Leonard who led the Oklahoma credit union since 1997. Under...
Hyatt Breached Again; Hawaii, Guam & Puerto Rico Locations Affected
The Chicago-based Hyatt Hotels Corporation identified signs of unauthorized access to payment-card information used at some 41 hotels in 11 countries from March 18, 2017 to July 2, 2017. Five of the Hyatt properties affected by the breach included U.S. locations,...
Leagues Pile On, Joining CUNA’s Equifax Lawsuit
Three credit union leagues have joined CUNA in its lawsuit against Equifax over the credit bureau’s recent data breach that compromised personal financial information for more than 145 million people. The Credit Union Association of New Mexico, the...
Equifax Says Vendor Responsible for Malicious Content on Website
It wasn’t us. Equifax Inc. said it was a third-party vendor that served malicious content on its website and it has taken the page offline to conduct further analysis. “Equifax can confirm that its systems were not compromised and that the reported issue...