The amount of information exposed due to data breaches has hit a terrifying new high-water mark, according to findings released this week from Richmond, Virginia-based cyberanalytics firm Risk Based Security. Between January 1 and June 30 of this year, there...
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?
Is Millennial Household Formation on the Rise?
Since the end of the recession, millennials have been moving out of their parents’ basements and renting, but now they too want to buy, First American Financial Corp.’s chief economist Mark Fleming tells GlobeSt.com. In a recent report from...
Royal Credit Union Names New CEO
Brandon Riechers, 42, was named president/CEO of the $2.1 billion Royal Credit Union in Eau Claire, Wis., Board Chair Doug Olson said Tuesday. Riechers succeeds former President/CEO Rudy Pereira who resigned in April to become the new president/CEO of the $2.3...
House Takes First Step in Voiding CFPB Arbitration Rule
The House on Tuesday took the first step toward nullifying the CFPB’s arbitration rule, approving a resolution that would void the regulation. Voting 231-190, the House approved the resolution under the Congressional Review Act. Only one Republican opposed the...
Florida Credit Unions Merge
The $31.2 million West Coast Federal Employees Credit Union in Sarasota, Fla., merged with the $587 million USF Federal Credit Union in Tampa earlier this month. West Coast Federal said it decided to merge after identifying challenges that could affect its ability to...
Renter Households Reach 50-Year High
The percentage, as well as number of U.S. households led by renters, is at the highest level in more than 50 years, the Pew Research Center reported this week. The research organization’s analysis of Census Bureau housing data found that growth in the...