On the Horizon: Compliance Issues

In several “Star Trek” series, an alien villain known as the Borg travels the galaxy, assimilating creatures from all walks of life into its space-borne collective. Serious fans know that it’s almost impossible to escape the Borg and its nefarious...

Florida Credit Union Completes Bank Purchase

The $979 million IBM Southeast Employees Credit Union said it finalized the acquisition of the $109 million Mackinac Savings Bank in Boynton Beach, Fla. on Wednesday. The CU Times initially reported in December that the Delray Beach-based credit union filed...

Card Breach at Kmart Stores Again Creates CU Problems

The second credit-card breach in three years at Kmart has once again forced credit unions, and other financial institutions, to deal with the repercussions of potential fraud involving their accountholders. In the first of two-articles, security experts provide their...

CU Officers to Testify at Senate Banking Committee Hearing

With the House likely to consider its Dodd-Frank overhaul bill when it returns next week, the Senate Banking Committee will take the next step in its evaluation of the financial regulatory regime, with a hearing scheduled for June 8. Three credit union officials are...

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WEST The $2.2 billion Technology Credit Union in San Jose, Calif., hired Mike Floyd as chief credit officer and EVP. An industry veteran, Floyd is responsible for overseeing Tech CU’s lending activities and mitigating risk to its loan portfolio. Floyd joins Tech...