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 Union Times | Accurate and Timely CU News | Credit Union Times

Credit Union Times | Accurate and Timely CU News | Credit Union Times Instant Insights / Credit Union Times: Cyber security roundup By Peter Westerman |February 13, 2018 Share these online dating safety tips with members via your website and social media. Browse...

NACHA & IFX Announce Merger Deal

API technology NACHA — The Electronic Payments Association and the Interactive Financial eXchange (IFX) Forum plan to combine forces in a deal they said will speed up and strengthen the development of standardized application programming interfaces (APIs)...

Cannabis CUs Move Forward Cautiously: Onsite at GAC

From left to right: CUNA Director of Advocacy Shelton Roulhac, Weedmaps Vice President of Government Relations Dustin MacDonald, Budding Solutions Founder and CEO Shanita Penny, former Colorado Director of Marijuana Coordination Andrew Freeman and Maps CU Chief Risk...

U.S. Consumer Sentiment Tops Estimates on Jobs & Income

U.S. consumer sentiment exceeded analyst estimates in January as the outlook for jobs and household income improved, University of Michigan survey data showed Friday. Highlights of Michigan Sentiment (January, final) Sentiment index inched down to 95.7 (est. 95) from...

Dems Demand Answers From Mulvaney on New Payday Lending Policy

Congress Democrats are charging that CFPB Acting Mick Mulvaney is reversing years of diligent policymaking to control payday lenders—and they allege that action could be tied to campaign contributions he received as a Republican House member. In a letter to...

Federal Judge Sentences Former CEO to Prison for Fraud

After more than a year of delays, a federal judge on Wednesday sentenced former Valor Federal Credit Union President/CEO Sean Jelen to more than five years and eight months in federal prison for bank fraud and attempted bank fraud. Before the 35-year-old Jelen of...

Has Sexual Harassment Mania Gone Too Far?

People just can’t seem to stop talking about sexual harassment. And all this talk doesn’t seem to be helping to reduce the number of reported incidents. Each news story about the latest man to be accused of sexual misconduct against a woman in the...

NCUA Bans Four Former Credit Union Employees

Four former credit union employees, including a manager and a long-time teller and administrative assistant were banned Wednesday by the NCUA from participating in the affairs of any federally insured financial institution. Catherine Linton, former manager of the $4.1...

Michigan CU Bank Purchase Called Off

The $852 million Honor Credit Union of Berrien Springs, Mich. will not buy the $53.3 million Citizens State Bank of Ontonagon, Mich. “Citizens State Bank of Ontonagon and Honor Credit Union have mutually decided to continue serving their respective customers and...