by GrafWebCUSO | Aug 22, 2016 | News
The former lending manager of the $222 million 360 Federal Credit Union was sentenced to 21 months in federal prison last week for embezzling more than $840,000 from the Windsor Locks, Conn.-based cooperative U.S. District Court Judge Robert N. Chatigny in Hartford...
by GrafWebCUSO | Aug 22, 2016 | News
Local baseball fans recently celebrated the history of America’s favorite pastime courtesy of Liberty Bay Credit Union. To benefit the Boys & Girls Club of Stoneham and Wakefield, the $657 million credit union hosted a Vintage Baseball and Family Day in...
by GrafWebCUSO | Aug 22, 2016 | News
If payments are to continue as its mobile activity hub, credit unions must challenge disruptors by providing its members and business community with products and services that earn relevance and revenue. Credit unions’ role is critical to its local economy,...
by GrafWebCUSO | Aug 22, 2016 | News
A lawyer filed a motion last week in U.S. District Court in White Plains, N.Y. to withdraw from representing a former CEO who sued a credit union after he pled guilty to bank fraud at another credit union. Two weeks after he pleaded guilty to bank fraud and attempted...
by GrafWebCUSO | Aug 22, 2016 | News
The CFPB has announced the appointment of eight new members to its Credit Union Advisory Council. The council and several others formed by the agency provide guidance to the CFPB. “The Bureau’s advisory board and councils play an important role in making...
by GrafWebCUSO | Aug 22, 2016 | News
The CFPB already tailors its rules to take into account the size of a financial institution, agency Director Richard Cordray told 70 senators last week. Responding to the senators’ call to provide regulatory relief to small credit unions and other financial...
