Former CU CEO Gets Two Years for Embezzlement

A former CEO of a Pennsylvania credit union was sentenced to two years in prison Friday for embezzling more than $740,000. U.S. District Court Judge Davie S. Cerione also ordered Karen Schenck, 50, of Bear Lake, Pa., to pay $696,273 in restitution and served five...

CHOICE Act Could Boost Fees Paid by Credit Unions: CBO

The House Financial Services Committee’s plan to overhaul the Dodd-Frank Act could result in increased fees to financial institutions, including credit unions, the Congressional Budget Act said in a newly released report. The CBO reported that the House...

SAFE FCU, Honor CU, Others Hire and Promote

This past week, six credit unions revealed hires, promotions and appointments, while one credit union mourned the sudden loss of its CEO. Read on for the latest People news. WEST $1.7 billion Vantage West Credit Union in Tucson, Ariz., appointed Jeff Post to serve as...

Time to Improve Our Tech Security Skills

In what now seems like a foreboding example of premonition, Kansas Commissioner of Insurance Ken Selzer last Thursday released a shortlist of tips that his office intended to help individuals and businesses protect themselves against identity theft or a cyber attack....