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....
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 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...
DeVos Tells CFPB to Back Off on Student Loans
When federal policymakers killed banks’ ability to make government-backed student loans, David Bergeron should have been celebrating. A career official at the U.S. Department of Education, he had favored the move for years; it would save the government...
Nearly 90 Florida CUs Close Ahead of Hurricane Irma
As Hurricane Irma barrels toward Florida, nearly 90 of the state’s 136 credit unions closed up shop early Friday or Saturday and virtually all of them will be shut down on Monday. The CU Times reviewed 124 Florida credit union websites Friday night to determine...
15,000 CU Employees in the Path of Hurricane Irma
Updated: Saturday, 12:32 PM ET About 5.5 million credit union members and their nearly 15,000 employees are in south Florida or along parts of its coast under watches or warnings for Hurricane Irma’s arrival expected early Sunday. An analysis of NCUA data...