Former Credit Union CEO Sentenced to 18 years

The former chief executive of a failed credit union was sentenced Friday to 18 years in prison for stealing more than $16 million that was supposed to fund non-profit health clinics for poor families and the homeless. After testimony from more than 50 witnesses and...

NCUA Proposes 2.8% Boost in Spending Next Year

The NCUA on Friday proposed a 2017 spending plan that would increase its budget 2.8%–some $8.2 million—next year. The agency’s 2017 proposed revised operating fund budget would be $299.2 million, with the estimate for 2018 reaching $313.1 million The...

Influx of Mobile Payment Options Challenges CUs

There are many challenges for credit unions in delivering multiple forms of mobile payment. The key in today’s environment is staying flexible and secure while giving members choices. Just a couple of years ago when Apple Pay launched, some credit unions were...