CUNA’s Nussle Rules Out Joining Trump Administration

CUNA President Jim Nussle, a former director of the White House Office of Management and Budget, on Thursday ruled out accepting a job in the incoming Trump administration. “My passion is credit unions,” Nussle said, responding to a question during a...

Former CU Employee Sentenced in $25 Million Fraud Case

A former business relationship manager was sentenced Tuesday to 10 years for a six-year multimillion-dollar fraudulent loan scheme at the $1 billion Scott Credit Union in Edwardsville, Ill. Theodore J. Longust, 51, formerly of Columbia, Ill., was ordered to pay $14.1...

Trump May Fill NCUA Board With His Choices

With vacancies and terms expiring, President-elect Donald Trump will have the opportunity to nominate two—and possibly all three—members of the NCUA board during his first year in office. Trump’s first move may be to choose current board member J....

Millennials Want CUs to Be More Selfie Aware

There are benefits to satisfying the mobile experience expectations of millennials for financial institutions, and especially credit unions. However, the business opportunity to please older millennials might be even more rewarding. Not all millennials think alike...

NCUA Named Conservator of Troubled Michigan CU

The Michigan Department of Insurance and Financial Services Wednesday appointed the NCUA as the conservator of the financially troubled $22.3 million Valley State Credit Union in Saginaw. The MDIFS placed Valley State into conservatorship on Aug. 17 because of unsafe...