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?

5 Impactful Elements That Promote IT and Business – NACUSO

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Business & plan scheming – NACUSO

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A Guide to Embracing Meaningful Change in Banking – NACUSO

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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...

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...

Square: Big Name in Fintech Files for Bank Status

San Francisco-based Square, which offers card readers and a payments app, has confirmed to CU Times that is has filed an application for an industrial loan charter with the FDIC.  The company is the latest in a string of fintechs to make the move toward bank...