by GrafWebCUSO | Dec 29, 2016 | News
A former president/CEO will be sentenced in April for embezzling $741,362 from the $4.6 million Corry Area Schools Federal Credit Union in Corry, Pa. Karen Schenck, 50, of Bear Lake, Pa., pleaded guilty to one count of embezzlement in U.S. District Court in Erie on...
by GrafWebCUSO | Dec 29, 2016 | News
2016 is ending on bad news about student loans and how they drag down the financial well-being not just of students, but of the elderly. In a coal-in-the-stocking move the week before Christmas, the Treasury Department declined to go along with congressional...
by GrafWebCUSO | Dec 29, 2016 | News
The increased frequency of DDoS attacks in 2016 does not bode well for 2017 across all industries, including credit unions and financial services, according to Sterling, Va.-based information provider Neustar, Inc. In its in-depth research report DDoS & Cyber...
by GrafWebCUSO | Dec 29, 2016 | News
The Obama Administration is going to bat for the CFPB, telling an appellate court that its ruling that the agency’s structure is unconstitutional is deeply flawed. And in court documents, the Department of Justice supports the CFPB’s efforts to convince...
by GrafWebCUSO | Dec 28, 2016 | News
In February, a former credit union accountant will begin her two-year prison sentence for stealing more than $300,000 from the $20.9 million Independent Employers Group Federal Credit Union in Hilo, Hawaii. Melody Camba, 38, pleaded guilty to embezzlement in...
by GrafWebCUSO | Dec 28, 2016 | News
CU Times exclusive interview with Stephanie Galligan, research manager with Filene Research Institute. We discuss her new report, “Relieve the Squeeze: The Sandwich Generation.” This is a growing population of middle-aged Americans who are...
