Regulator’s Order Shuts Down CU’s Website

Since an Illinois regulator issued a cease and desist order last month to shut down the 1st Provision Credit Union, the supposed cooperative no longer has a site posted on the web though its Facebook page was still operating as of Thursday. The Illinois Department of...

CUs Reckoning With Advent of Apple Pay Cash

Apple’s forthcoming Apple Pay Cash will likely become the next in a long line of P2P offerings that are forcing credit unions to think about the future of their noninterest income, industry experts say.  Apple Pay Cash, which launched in public beta this...

NCUA Board to Consider Budget Nov. 16

The NCUA board will vote on its proposed 2018-2019 budget when it meets Nov. 16. The budget, outlined last month, proposed a 2018 increase of $6.1 million– a 2.1% increase from 2017.The agency also projects a 2019 budget of $302.8 million, a $4.6 million...

Dogs, Criminals & Brown Sugar: Being Thankful

I’m thankful for my dog Olive and all nine pounds of her alpha qualities; as much as she drives me nuts with her protective barking at every sound as she sits near me while I work. I’m thankful for credit unions waking up to the plusses and minuses of...