Florida Man Sentenced in Credit Union Bitcoin Fraud Case

Michael Murgio, who participated in a scheme to control a New Jersey Credit Union to conceal an illegal Bitcoin operation, was sentenced to one year probation last week in U.S. District Court in New York City. U.S. District Court Judge Alison J. Nathan also ordered...

Turning Up the Heat at GAC

Left or right, this is going to be an interesting 2017 CUNA Governmental Affairs Conference. I’ve had a few conversations lately with some long-time credit union leaders to gage where their brains are just days into the new Trump administration. And I’ve...

Leaders Not Ready for Trump-Induced Changes: Survey

Some 78% of U.S. business leaders anticipate making significant changes − with financial services adapting to a shifting regulatory environment − because of the Trump election victory. But few organizations seem prepared. Those results revealed in the New...

Washington Credit Union Under Investigation

An investigation is under way at the $3.3 million G H Woodworkers Federal Credit Union in Aberdeen, Wash., after “several unusual events” occurred last year that prompted the board to place its president/CEO on administrative leave and merge the...

Most Consumers Still Debt Shy: Filene

More than nine years after the end of the Great Recession, consumers are reluctant to take on more debt because they worry about their earnings and the economy, according to a Filene Research Institute study released Wednesday. The Madison, Wis., think tank found more...