The aftermath of Hurricane Irma continued to take its toll on Florida’s credit unions, employees and members as they headed into the weekend with no power or running water, the League of Southeastern Credit Unions reported Friday. The greatest challenge for the...
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?
Democrats Press DeVos to Renew Cooperation With CFPB
Calling the CFPB a crucial watchdog of student loan servicers, some 39 congressional Democrats are pressing Education Secretary Betsy DeVos to again share servicer information with the consumer agency. “Contrary to the department’s assertion, Congress has...
Private Sector Innovation, Not Government, Should Drive ID Protection: Mnuchin
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,...
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...

