Millennials are more likely to manage their finances through social media, as well as payment and fintech companies, but have not given up on branches any more than other generations. Those are some of the findings from the latest Fiserv Expectations & Experience...
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?
San Diego County CU Inks $500,000 Naming Rights Deal
The $8.1 billion San Diego County Credit Union will pay $500,000 for the naming rights of a 50-year-old stadium through the end of 2018. San Diego City Council approved the deal Tuesday. The city of San Diego will receive $375,000 and $125,000 will be paid as a...
Court Ruling Allows CU Trade Secrets Lawsuit to Move Forward
A Florida federal judge ruled last month that the $2.3 billion Grow Financial Federal Credit Union has alleged sufficient facts to pursue a lawsuit that the $1.8 billion GTE Financial Federal Credit Union and an employee allegedly misappropriated Grow’s trade...
New York CU Association Leader Lashes Out Against Equifax, Data Breaches
Equifax’s recent breach may be just a drop in the data-breach bucket by the end of 2017, according to new research out this week from digital security company Gemalto. The Amsterdam-based company reported that 918 data breaches compromised 1.9 billion data...
Equifax Breach: Database Insider Threats From Third-Party Software
The recent and massive database breach at Equifax serves to highlight the insider threat that database systems face today. But you say, “The Equifax database attack was perpetrated by external hackers, not internal personnel.” While that’s true, it...
Home Equity Loan Fraud Hits Navy FCU
An Atlanta business owner was sentenced to three years in prison last week for running a home equity loan fraud scheme that led to losses of nearly $3 million for the $82 billion Navy Federal Credit Union. U. S. District Judge Claude M. Hilton also ordered Thomas...

