The former board president of the $23.6 million Taupa Lithuanian Credit Union disputed statements made by another former board member to Credit Union Times, and provided new details about the failed credit union’s governance.
An irate judge threw the Federal Reserve another curve ball during an Aug. 14 hearing when he gave the regulator until Aug. 21 to persuade the court why its 21-cent interchange debit cap should not end.
A CUSO created to help a credit union manage foreclosed property has begun to play a role in a city’s economic redevelopment.
Citing the timing of cash flows, NCUA Director of Examination and Insurance Larry Fazio answered critics who have questioned the need for future corporate assessments in comments released to the press Aug. 14.
They improve member service, speed up the loan process and comply with open-ended lending regulations.
As a two-time cancer survivor, Credit Union ONE Vice President of Sales Renee Muccioli has learned to squeeze the most out of each day.
A number of factors could be driving a lack of confidence on the part of women as they manage their finances, says credit union financial adviser Anna Kamp.
The future of digital wallets is uncertain and the earlier predictions of quick market adoption may have been proven wrong, according to some experts and credit unions using the technology.
Keep it simple, stupid.
On July 29, North Carolina Governor Pat McCrory signed the Financial Exploitation of Older Adults bill, which requires all financial institutions to report when they suspect someone 65 or older, or a disabled adult over 18, is being financially exploited. It also protects the liability of those making the good...
Credit cardholders who routinely pay only their monthly minimums present double the credit risk as those who pay more, even if only slightly more, according to a new study.
The $180 million MidSouth Community Federal Credit Union of Macon, Ga. recently recognized the recipients of its 2013 Tom Bentley Memorial Scholarship program.
The $790 million Charter Oak Federal Credit Union of Groton, Conn. announced it has promoted three employees to assistant vice president positions. All three have worked their way up through the organization after being hired on more than 25 years ago.
This Opinion piece looks at new disclosure requirements for international electronic transfers as the new remittance rules draw near.
Call them what you will. Gen X, Gen Y, Millennials or the Echo Boom. They are the next generation of consumers who have crossed the bridge from a brick and mortar world to an environment that thrives on digital interactions.
Your recent guest opinion article on cloud computing (“Cloud Services Provide Real Benefits,” July 24, 2013, Credit Union Times) makes the important point that while adoption of cloud-based business applications has been slow, the benefits are significant and will continue to drive interest. At MY CU Services, a CUSO of...
Credit Union Times welcomes feedback on our stories and comments on how industry leaders are handling issues in the form of letters to the editor.
NAFCU announced Aug. 12 the promotion of several employees as well as the separation of its marketing and communications functions that resulted in the dismissal of an executive.
Credit reporting firm TransUnion reported Aug. 13 that the ratio of credit card accounts that are more than 90 days past due dropped to 0.57% in the second quarter of 2013, down from 0.63% in the second quarter of 2012. That 0.57% is only one basis point from the all-time...
The $1.9 billion Chartway Federal Credit Union in Virginia Beach, Va. announced Aug. 13 it will consolidate two previously merged Utah-based credit unions effective Oct. 1. The two credit unions–HeritageWest and Utah Central–are both located in the greater Salt Lake City area and were merged into Chartway in 2010 and...
Security company iovation and CEB's TowerGroup announced Aug. 13 that 20% of all online financial transactions are performed on a mobile device. That figure is up from just 11% in 2012.