After nearly one week since Hurricane Maria raked its way across Puerto Rico, credit union organizations on the mainland continue to have problems receiving updates from the island. According to an email conversation sent to CU Times between WOCCU officials and...
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?
Trio Pleads Guilty To Multistate ATM Theft Spree
Three Massachusetts men pleaded guilty last week to orchestrating a sophisticated multistate ATM robbery spree, netting them $500,000, including more than $170,000 stolen from a credit union ATM. David Barker, 39, Efrain Montero, 41, and Jonathan Santos, 35, of...
Federal Judge Approves Home Depot Data Breach Settlement
U.S. District Judge Thomas Thrash on Friday approved a settlement between Home Depot and financial institutions, including credit unions, in a suit filed in the wake of a 2014 data breach at the retailer. Several state credit union leagues and CUNA were plaintiffs in...
Summit Credit Union Files Class-Action Suit Against Equifax
Madison, Wis.-based Summit Credit Union has filed a class-action lawsuit against Equifax on behalf of credit unions for damages related to the credit-reporting agency’s giant data breach disclosed earlier this month. The suit claims Equifax failed to secure its...
First CU Communication Coming From Decimated Puerto Rico
JetStream FCU branch in Carolina, Puerto Rico. Image taken Friday, Sept. 22, 2017 Jeanne Kucey, president/CEO of the $196 million JetStream Federal Credit Union released the following statement to CU Times regarding the status of their Carolina, Puerto Rico branch...
Former CEO Pleads Guilty to Embezzlement
Christine Darley, former president/CEO of a merged Nebraska credit union, will be sentenced in December after she pleaded guilty to a felony count of bank fraud Thursday in U.S. District Court in Lincoln. In exchange for her guilty plea, prosecutors dropped five bank...