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...
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?
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...
Irma Recovery: Some Florida CUs Back in Business
At least 35 Florida credit unions reopened on Tuesday and about 10 more plan to be back in business on Wednesday, according to the League of Southeastern Credit Unions. A list on LSCU’s website shows five credit unions are still closed because of power outages....
5 Things CUs are Still Doing Wrong in Disaster Planning
Emergency planning in the credit union industry has come a long way in the last 10 years, but even after Harvey and Irma, pros say they’re still seeing credit unions make some common mistakes. Planning for the wrong problem Wind and water can be...
Florida CUs Begin Hurricane Irma Recovery Process
Virtually all of the state’s 136 credit unions remained closed Monday after Hurricane Irma poured more than a foot of rain in several areas of South Florida, such as Palm Beach and Fort Pierce, whipped Naples and Marcos Island with winds of 130 to 142 mph, and...