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 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?
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...
EPL Partners With PSCU for Card Processing & Bill Pay Services
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...
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 &...