PenFed CEO Honored as CU Hero of the Year: ACUC Onsite

PenFed President/CEO James Schenck, right, receives the Credit Union Hero of the Year award from CUNA President/CEO Jim Nussle, left. LAS VEGAS – CUNA President/CEO Jim Nussle honored James Schenck, president/CEO of the $20.2 billion Pentagon Federal Credit...

Credit Unions, WOCCU & Others Welcome New Talent

During the past week, the credit union industry has seen a lot of new people coming into new roles.   WEST  The $3.4 billion Redwood Credit Union based in Santa Rosa, Calif., hired Reid Louie as assistant vice president/regional manager of branch...

It’s Time to Move Digitally: ACUC Onsite

Todd Clark, president/CEO of CO-OP Financial Services, discusses how credit unions can keep up in today’s digital world. LAS VEGAS – Credit unions must retire the phrase “digital strategy.” In a world where apps like Uber and Airbnb are setting...

Crowdfunding Tour Enlisting Credit Union Partners

New York City-based GrowthFountain, an equity crowdfunding platform, is preparing for “The Heartland Tour,” to shine the spotlight on business startups and get credit union partners involved in the process. GrowthFountain plans ten U.S. stops, in...

CFPB Wants to Fix Public Service Loan Forgiveness Program

The student loan forgiveness program designed to help indebted college graduates working in public service jobs has problems with loan servicers that the Consumer Financial Protection Bureau is trying to correct. According to a new CFPB report, “Staying on Track...

NCUA Conserves North Dakota Credit Union

The $201 million Citizens Community Credit Union in Devils Lake, N.D., which posted a net income loss of more than $900,000 at the end of the first quarter, was conserved Friday, the NCUA said. The credit union was placed into conservatorship for safety and soundness...