Treasury Secretary Steven Mnuchin called out private sector innovation, government support, public-private partnerships and decentralization such as the National Strategy for Trusted Identities in Cyberspace when speaking about authentication inadequacies,...
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?
A Blueprint: How to Win Big on Advocacy
What does modern-day advocacy look like? For certain, it’s still pounding the pavement of Capitol Hill, pressing the flesh, putting in face time with your members of Congress. In my time serving in office, the stories that struck me the most were always those I...
Two Storms, a Data Breach and Some Dreamers Walk Into a Bar
There are times in the credit union industry when it’s just busy – I’m talking wicked busy. The kind of all-hands-on-deck busy when so much is happening at once that you even dream about work and the storms, politics, housing markets and zombies....
Couple Who Managed CU Sentenced for $2 Million Embezzlement
A Minnesota couple, who managed a credit union, were each sentenced Tuesday for embezzling $2 million from it to support three successful businesses. Nkajlo Vangh, 61, was sentenced to seven and a half years in federal prison, and his wife, True Yang Vangh, 52, was...
More Florida Credit Unions Open Doors
The League of Southeastern Credit Unions said Wednesday about two-thirds of the Florida’s 136 credit unions were affected by Hurricane Irma and approximately 80 credit unions reported they have reopened for business, up from about 35 on Tuesday. However,...
P2P Study: Zelle Growing, Brand Recognition is Not
Peer-to-peer player Zelle Network processed more than 100 million transactions in the first six months of 2017 and is racking up thousands of new users a day, but customers of rival Venmo have hardly heard of it, according to two new reports. According to a release...