Much has changed in recent decades in terms of how credit unions protect member assets and determine the legitimacy of transactions. David Green, president/CEO of 1st Northern California Credit Union (1st Nor Cal), recollected that when he first joined 1st Nor Cal as SVP/CFO in May 1992, branch staff usually recognized members as they walked in and did not ask them to produce identification. About six months later, the credit union began requiring photo ID for in-branch transactions, much to members' dismay. "I come in every week – how can you not know who I am?" Green recalled members saying in objection to the new rule.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.