Credit union stakeholders commended the NCUA Monday for adopting a reorganization plan that acknowledges the consolidation of the industry, while also recognizing how technology can make supervision much more efficient. “The moves are long overdue and are...
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?
Consumers Sunny Now, Driving Credit Union Lending
Consumers are wearing shorts and sunglasses now, but some economists are seeing signs that the days of the economic peak are shortening. The CUNA Mutual Group’s monthly Credit Union Trends Report said consumers are feeling confident this summer with pleasantly...
Credit Unions, CUSOs Appoint New Leadership
This past week, six credit unions made hires and promotions. Plus, League Infosight appointed a new executive and Space Coast Credit Union mourned the passing of a long-time board member. WEST The $1.4 billion Advantis Credit Union based in Clackamas, Ore., hired...
HUD Federal Credit Union Names New CEO
William Kennedy was named president/CEO of the $45.3 million HUD Federal Credit Union in Washington. D.C., last week. He succeeded President/CEO Lee Hancock who retired after 33 years of service. Kennedy’s appointment was effective July 17. Kennedy most recently...
Card Data at Trump Hotels, Among Others, Breached Again
Obscured by other July headlines was news that Trump Hotels, along with Four Seasons, Hard Rock Hotels & Casinos and Loews Hotels, announced a security breach may have unleashed customer data. All the incidents related to Sabre Hospitality Solutions’, the...
Mobile App Locates ATMs, & Can Even Request a Ride
A locator app, aimed at millennial, from CO-OP Financial Services allows smartphone users to locate, and even request a ride share, to some 30,000 surcharge-free CO-OP ATMs and 5,600 locations. The downloadable app for Android and Apple iOS devices is available to the...