In Memoriam: Former CEO, Examiner Jim Mills

Jim Gilbert Mills, a retired president/CEO and former NCUA examiner, died Monday. He was 72. Under his leadership, 3Rivers Federal Credit Union grew from $63 million in assets to more than $400 million in assets when he retired in 2004 as president/CEO of the Fort...

Employee Retention Depends on Employee Experience

Human resources leaders are leaving behind old human capital management processes, such as performance management, in favor of transforming the workplace and providing a more human workplace experience — and all in the quest to retain and...

No Stabilization Fund Rebate Possible Now: NCUA

The NCUA this week reaffirmed its position that it cannot now provide credit unions with rebates from the Temporary Corporate Credit Union Stabilization Fund. The board received a staff briefing on the fund at its December meeting. “We can’t rebate funds...

New Yahoo Breach Involves 1 Billion Accounts

A newly revealed Yahoo data breach, which occurred in 2013, involved personal information associated with more than one billion user accounts, twice those affected in a different incursion disclosed in September. The stolen user-account information may have included...

Feds Make Arrest in CU Bitcoin Fraud Case

Joshua Samuel Aaron, one of five co-conspirators who hacked into the highly secure servers of the nation’s largest financial institutions and controlled a small credit union to conceal an illegal Bitcoin operation that was generating $30 million a month in...

Fed Rate Hike to Impact Credit Unions Down the Road

The Federal Reserve increased its benchmark interest rate one-quarter of a percentage point Wednesday—a decision that is likely to have little immediate impact, credit union economists said. “On the whole, the impact of a quarter-point rate hike on U.S....