It’s been over a year since the Wells Fargo banking scandal came to light. Currently, Wells Fargo estimates their employees opened 3.5 million unauthorized accounts. In response, the bank’s leadership continues to be criticized by leading politicians...
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?
Pennsylvania Association Launches New Logo, Brand Promise
The Pennsylvania Credit Union Association introduced Thursday its new logo and what it called a new brand promise of “moving your credit union forward.” “We made the decision to rebrand as a way to reinforce our leadership role in the credit union...
Default Retirement Savings Rates Could Go Much Higher
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...
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...