A former employee and member of the $18.6 million Wallingford Municipal Federal Credit Union was awarded more than $200,000 after a judge ruled the Wallingford, Conn., cooperative committed theft when it seized the woman’s $13,801 Social Security disability benefit.
By the time next year rolls around, Truity Credit Union in Bartlesville, Okla., will be ready to comply with new mortgage loan requirements from the Consumer Financial Protection Bureau. Thanks to policies and procedures already in place, the final adjustments won’t likely be traumatic for the credit union.
The Federal Reserve announced in an Aug. 21 court hearing it will defend its current debit interchange rule before an appeals court. And in a twist, the Fed also said it will join forces with its opponents to seek a speedy appeal decision.
On Aug. 16, Illinois Gov. Pat Quinn signed into law H.B. 1572, which amends the state’s Credit Union Act to establish a fair and consistent civil penalty assessment process.
A cash mob hit a local restaurant in Oshkosh, Wis., courtesy of the $384 million CitizensFirst Credit Union.
Despite the apparent financial pain to cover the underwriting costs of small loans under $600, some credit unions still feel there is a segment of their membership that rely on this type of financing. Others don't.
For the past few weeks, drivers on major roads in Las Vegas have spotted a popular breakfast food on billboards, but the ads aren’t for a restaurant.
The suit against the $965 million Black Hills Federal Credit Union and CUNA Mutual alleging improper increases in credit life disability insurance rates was remanded Aug. 14 by the South Dakota Supreme Court back to a lower court to be tried as a class action suit.
CUNA President/CEO Bill Cheney earned $1.34 million in 2012, according to the organization’s 990 tax forms released Aug. 15.
With about week left in the campaign, the NCUA had already quadrupled last year’s Feds Feed Families food drive results, collecting more than 8,000 pounds of food as of Aug. 20.
The $311 million Freedom First Credit Union, headquartered in Roanoke, Va., won the $100,000 Next Seed Capital Award from the Opportunity Finance Network.
As the first chairperson of the African-American Credit Union Coalition who isn’t one of the founders of the 14-year-old group, Lynette Smith said she feels a bit of heat.
This week, I received the same dreaded email that you did, or soon will: it’s time to work on the 2014 budget.
This Focus Report looks at back-office technology.
Attracting new members is a big challenge but keeping them may be a bigger obstacle.
Here are seven ways to prevent DDoS attacks.
How crazy is it to want to open a credit union when one is closing almost every day?
Since U.S. District Judge Richard Leon issued his shocking decision on July 31 that called for even more draconian price controls under Dodd-Frank’s Durbin Amendment, some legal commentators have given him the benefit of the doubt.
According to the J.D. Power 2013 U.S. Dealer Financing Satisfaction Study, Security Service Federal Credit Union is ranked fifth among prime retail credit lenders in the country.
Credit unions with more than $500 million in assets were responsible for most of the loan growth in the first quarter.
The $4.5 billion Delta Community Credit Union in Atlanta said in an Aug. 20 release it has hired Eve Nimkar as its new vice president of marketing.
The latest data dump from Malauzai Software, which now provides mobile banking apps to 108 credit unions and banks, reveals continued, strong growth in mobile banking usage.
Court documents from May revealed the Department of Homeland Security seized nearly $3 million from a business account at the $2.4 billion Veridian Credit Union in Waterloo, Iowa, over what the DHS said was an unlicensed money transmitting business operated by the business member’s client.