The $2.4 billion based Albuquerque, N.M. Sandia Laboratory Federal Credit Union selected San Diego-based, Corelation, Inc., to convert unwieldly dual core processing systems into a single, flexible and open architecture. SLFCU chose Corelation’s KeyStone member...
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?
CFPB Issues Final Arbitration Rules; Rejects Pleas for CU Exemption
The CFPB on Monday released final rules that will restrict the use of arbitration clauses in financial contracts—specifically rejecting the argument made by credit unions that they should be exempt from the regulations. “While credit unions may be...
Credit Unions Onboard New Talent
This past week, nine credit unions across the nation announced hires, promotions, board appointments and certifications. Check out the latest People news here. WEST Tessa Bonfante, COO of the $315 million Denver Community Credit Union in Denver, was elected to serve...
6 Ways California Can Entice CUs to Serve Marijuana Clients
California will need to provide banks and credit unions with significant details about licensed marijuana businesses if the state wants to encourage financial institutions to serve the industry when recreational sales start next year, two bank executives told a...
Former CU CEO Ordered to Pay Restitution
A former CEO who is serving a three-year prison sentence for bank fraud was ordered by a federal judge last month to pay restitution of more than $500,000. Charles Juska, former president/CEO of the $22.3 million Tazewell County School Employees Credit Union in Pekin,...
JPMorgan Chase Claims NCUA Breached $1.4 Billion Agreement
JPMorgan Chase files a lawsuit against the NCUA for breaching a $1.4 billion settlement.