CUSO Financial Services and its sister company, Sorrento Pacific Financial, in San Diego, Calif., signed an agreement last week to be bought by Atria Wealth Solutions in New York, which is backed by a private equity firm. As part of the agreement, Atria will be buying...
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?
3 Reminders for CUs Lending to Cannabis Businesses: Onsite at CUBG
Legal experts Dennis Baranowski, left, and Nema Daghbandan, right, discuss best practices for cannabis business lending. PORTLAND, Ore. – Cannabis businesses loans are a territory most credit unions would choose to steer clear of, but at the 2017 CUBG National...
Lake Michigan CU to Buy Florida Bank
The $5.1 billion Lake Michigan Credit Union in Grand Rapids said Monday it will buy the $418 million Encore Bank, which makes the definitive agreement the largest bank acquisition by a credit union to date. The Naples-Fla.-based bank, which serves about 20,000...
Credit Unions Look to Expand Business Services: Onsite at CUBG
CUBG CEO Larry Middleman, right, chats with CU Times Managing Editor Natasha Chilingerian at CUBG's conference in Portland. PORTLAND, Ore. – Credit unions are beginning to service bigger business loan deals than ever before, but one thing hasn’t changed:...
A New Hacker Threat: Messages Inside Images
Kaspersky Lab researchers identified a new trend: malicious hackers increasingly using steganography, a digital version of an ancient technique of hiding messages inside images, to conceal the tracks of their activity. In recent months, Kaspersky Lab researchers...
The Changing World of Cyber Liability Insurance
In May, a piece of ransomware known as "WannaCry" paralyzed businesses, government entities and Great Britain’s National Health Service in one of the largest global cyberattacks to date. The following month, it was "Petya," another massive...