by GrafWebCUSO | Feb 20, 2018 | News
Stanley Hayes, former president/CEO of the liquidated Valley State Credit Union, is scheduled to be sentenced in April after he admitted to embezzling $710,000 from the Saginaw, Mich. cooperative. Michigan Attorney General Bill Schuette said Hayes pleaded guilty in a...
by GrafWebCUSO | Feb 16, 2018 | News
While the mood throughout south Florida remains somber following the shooting deaths of 17 people at Marjory Stoneman Douglas High School in Parkland, Fla. on Valentine’s Day, credit unions throughout Broward County are rallying behind the school community and...
by GrafWebCUSO | Feb 16, 2018 | News
This past week, employees at five credit unions began new positions. Plus, auto lending CUSO CU Direct promoted an executive. WEST The $1 billion Credit Union 1 in Anchorage, Alaska promoted James Wileman from COO to president/CEO. Wileman joined Credit Union 1 as...
by GrafWebCUSO | Feb 16, 2018 | News
Malicious cyber activity cost the U.S. economy between $57 billion and $109 billion in 2016, the White House said Friday. The estimate comes in a Council of Economic Advisers (CEA) report on the impact of cyber attacks on U.S. government and industry. The...
by GrafWebCUSO | Feb 16, 2018 | News
Two members of the House Financial Services Committee—one Republican and one Democrat—are circulating draft legislation that would set a national data security standard and require prompt notification when a data breach occurs. House Financial Institutions...
by GrafWebCUSO | Feb 16, 2018 | News
Sen. Orrin Hatch’s (R-Utah) recent broadside against the credit union tax exemption left a lot of people saying, “Huh?” Hatch had already announced he would not seek another term in the Senate this year, and Congress had just completed tax overhaul...
