St. Petersburg, Fla.-based CUSO PSCU announced it has finalized a partnership with Birmingham, Ala.-based CUSO EPL, which will refer credit union clients to PSCU for card processing and bill pay services. “PSCU’s stellar reputation and history of success...
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?
Study: Employers Focus on Health Costs, Employee Well-Being
Employers are increasingly focused on addressing the needs of “the whole employee” within their benefits offerings, integrating emotional, financial, social and career well-being with physical health, according to the 2017 Arthur J. Gallagher &...
Puerto Rico Cooperativas Can Withstand Fiscal Crisis
Puerto Rico’s cooperativa system—state insured credit unions—can withstand the island’s fiscal crisis even though the financial institutions heavily invested in government bonds, regulators said Friday. Puerto Rico has more than 100...
CFPB Releases Model Overdraft Disclosures
The CFPB on Friday released four overdraft disclosure prototypes designed to make it easier for consumers weighing whether to take out overdraft protection. The one-page form is designed to improve the model form already being used by credit unions and banks....
NCUA Bans Former CEO, Branch Supervisor & Teller
Convicted of embezzlement, fraud or grand theft, former credit union employees who worked as a CEO, a branch supervisor and a teller were banned from participating in the affairs of any federally insured financial institutions, the NCUA announced earlier this week. In...
Financial Institutions Battle Credential Stuffing Bots
The reality of breaches is the amount of information available on the dark web. In 2016, hackers stole some three billion credentials, some of which they use in account takeovers. The big security threat called credential stuffing is the use of automated means to test...