by GrafWebCUSO | Sep 19, 2017 | News
An Atlanta business owner was sentenced to three years in prison last week for running a home equity loan fraud scheme that led to losses of nearly $3 million for the $82 billion Navy Federal Credit Union. U. S. District Judge Claude M. Hilton also ordered Thomas...
by GrafWebCUSO | Sep 19, 2017 | News
San Francisco-based Square, which offers card readers and a payments app, has confirmed to CU Times that is has filed an application for an industrial loan charter with the FDIC. The company is the latest in a string of fintechs to make the move toward bank...
by GrafWebCUSO | Sep 18, 2017 | News
A key Republican House member is asking the NCUA to delay proposals to increase its normal operating level and merge its corporate credit union stabilization fund and its share insurance fund. “Merging the funds and raising the [operating level] would seem...
by GrafWebCUSO | Sep 18, 2017 | News
If anything, the name of a new credit union —– Clean Energy Federal Credit Union —- sounds like it is poised to serve the rising consumer demands for renewable energy products. The NCUA granted a federal charter and share insurance fund coverage for...
by GrafWebCUSO | Sep 15, 2017 | News
Credit unions should immediately evaluate their credit reporting practices, find ways to get better breach data and prepare for a spike in fraud in the wake of Equifax’s enormous data breach, two experts have warned. The Equifax breach, announced Sept. 7,...
by GrafWebCUSO | Sep 15, 2017 | News
The aftermath of Hurricane Irma continued to take its toll on Florida’s credit unions, employees and members as they headed into the weekend with no power or running water, the League of Southeastern Credit Unions reported Friday. The greatest challenge for the...
