Northwest Federal Credit Union’s board has promoted Jeff Bentley (pictured) to president/CEO, replacing Chris McDonald who left unannounced earlier this year. Bentley, who has been serving as interim CEO for several months, was previously SVP of lending and...
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?
What Does it Take to Make Employees Happy?
In this “age of the employee,” what does it take to make workers happy? Getting a decent paycheck still tops the list, according to Adecco USA’s Best-in-Class Workforce Management Insights. Adecco USA, in conjunction with Aberdeen Group,...
Online Romance Leads to $1.2 Million Fraud
An Ohio man allegedly used the allures of a romantic relationship to get a woman who worked at a California credit union to open nearly $3 million in fraudulent lines of credit that led to more than $1.2 million in losses, according an FBI cybercrimes investigator....
CUNA Mutual Economist: Mild Recession Possible in 2019
Credit unions should enjoy the good times now, and start preparing for a mild recession in 2019, CUNA Mutual Group chief economist Steven Rick said Thursday. The U.S. economy’s expansion is expected to continue at an annual rate of up to 2.4% into 2018, but U.S....
Fed Inflation Debate Heats Up
Federal Reserve officials engaged in a detailed debate about inflation while keeping the door open for a September announcement on the timing of balance-sheet reductions, according to minutes from their policy meeting in July. The minutes showed a majority...
CU Industry Watching After Varo Money Applies for Charter
Two credit union industry groups are keeping a close eye on one startup’s recent bank charter application to see whether fintechs that want to compete on their turf will land on the same regulatory playing field. The firm, Varo Money, is a San Francisco-based...