A Wisconsin credit union has disclosed it is among the victims of an alleged nationwide fraud scheme that may involve more than $175 million in bogus U.S. Department of Agriculture-backed loans that were sold to financial institutions, retirement funds, municipal groups and other investors across the country, according to the...
ALEXANDRIA, Va. — The NCUA Board approved a 4.2% budget increase for the fiscal year 2015 in a monthly meeting that was filled with tension, thanks to debate between Chairman Debbie Matz and Board Member J. Mark McWatters.
It was George E.P. Box, the eminent statistician, who said, “Essentially, all models are wrong but some are useful.”
From the implementation of new rules that call for additional reporting requirements to risk-based capital worries, CUSOs had a tumultuous 2014. With advocates vowing to keep the pressure on in 2015 to ease regulatory scrutiny, credit unions are forging ahead with new alliances to stay competitive.
Brian Quinn, assistant vice president for business services at the $857 million Franklin Mint Credit Union in Broomall, Pa., is the first to admit the system he's using to process member business loans is archaic and inefficient.
The idea for Michigan First Credit Union to open its own mortgage CUSO happened by accident.
This year has been an exciting and pivotal year for CUSOs as they continue to be an incredibly important part of the credit union industry.
Find out how to make the case for collaboration and then figuring out how to make it actually work.
ARLINGTON, Va. — A U.S. Treasury official who spoke at a symposium on credit union cybersecurity reiterated that credit unions should be doing more to defend their operations against attacks.
Almost every credit union in America has the same basic story about its early days.
As credit unions plot their mobile payment strategy, it's challenging to forecast which innovative device will reach busy members on the go.
As November comes to an end, a dozen merger deals were announced or completed in Georgia, Hawaii, Illinois, Iowa, Massachusetts, Nebraska, North Carolina, Ohio, Oregon, Pennsylvania, Virginia and Washington.
The NCUA alleged in a lawsuit that Maria Hernandez, the former CEO of the failed El Paso Federal Credit Union, stole millions to buy homes in Texas, Florida and Nevada, to pay for lavish trips and for gambling.
A lot has changed since the first credit unions opened in 1852. Today, members manage their finances through a variety of digital platforms including PCs, tablets, and mobile phones.
Some small credit unions are deciding not to offer group health insurance to employees, according to the 2014-2015 CU Staff Benefits Report released by CUNA Nov. 13.
For credit unions seeking to assess whether wellness programs make good business sense, the CUNA HR/TD Council announced the publication this week of a white paper examining credit union wellness programs from the ground up.
Quicken Loans, the nation's second largest home mortgage lender, reported the week of Nov. 10 that home values in most of the nation's major metropolitan areas continued to increase in October, rising an average of more than 2% from September to October of this year.
CHICAGO — When it comes to iPhone apps, credit unions have a considerable lead over banks, according to Malauzai Software.
Several organizations have weighed in on the CFPB's proposed changes to prepaid card governance.
The $674 million St. Mary's Credit Union appointed Larissa C. Thurston as CFO and SVP of finance. Prior to joining the Marlborough, Mass.-based cooperative, Thurston served as vice president and controller of the Bank of New England in Southern New Hampshire.