Two Sentenced in Credit Union Ponzi Scheme

A former CEO and her assistant received federal prison sentences last month for running an $18 million Ponzi scheme out of a Texas credit union by selling non-member share certificates to at least 10 credit unions across the nation. Maria Guadalupe Hernandez, 59,...

Women Underrepresented in Information Security Workforce

Women represent only 11% of the global information security workforce, including in financial services, despite a shortage of cybersecurity skilled personnel overall. Credit unions have to be more security-minded as staff and members connect through many devices....

10 Most Successful States

Are you successful? Do you feel successful? Are the people around you successful? If surrounding oneself with success improves one’s chances of success, then perhaps the folks at GOBankingRates.com are on to something. GOBankingRates.com wondered whether a...

Revealing the Mind of a Credit Union Embezzler

I have a slight obsession with true crime TV. “Snapped,” “Dateline,” “48 Hours Mystery,” pretty much any show on the Investigation Discovery network – they’re all in my DVR queue at any given time. There’s just...

Credit Unions in Three States Complete Mergers

Credit unions in New York, New Hampshire and Pennsylvania recently completed mergers with small, financially struggling cooperatives. The $46.3 million Central Hudson Employees Federal Credit Union in Poughkeepsie, N.Y., merged into the $919 million Mid-Hudson Valley...

Ex-FBI Agent Warns of Cyber Risk

The odds of a person eventually suffering a cyberattack are “pretty much 100% at this point,” according to Bill Slattery, a former FBI special agent in the cyber division who now investigates cybercrime for Facebook. Slattery spoke on an information...