Although the NCUA recently announced it is developing new exam procedures to improve the identification of fraud risk indicators, especially at small institutions, experts agree fighting fraud requires a team effort that includes active boards, strong supervisory committees and stiff internal controls.
The NCUA will establish a new office focused solely on agency security and continuity, but the move shouldn't have a big impact on the 2014 operating budget. Public Affairs Specialist John Fairbanks told Credit Union Times the new office will be comprised mostly of existing NCUA resources.
More than two months after Kyle Markland suddenly resigned as president/CEO of Affinity Plus Federal Credit Union, the cooperative's third quarter financials reveal significant decreases in net income.
Whether it's a question about member business lending or which activities CUSOs are allowed to engage in, CUSO executives said the NCUA's guidance letters have long been a go-to for answers and regulatory interpretations.
Alex R. Spirikaitis and his lawyer have been given more time to conduct pre-indictment negotiations with federal prosecutors over Spirikaitis’ role in a massive fraud case that led to the collapse of the $23.6 million Taupa Lithuanian Credit Union in Cleveland.
As small businesses continue to increase their use of technology and mobile access to conduct transactions, the drawback is the shift may potentially widen the space for cyber thieves to strike and drain commercial accounts in one fell swoop.
Bill Hampel, senior vice president and chief economist at CUNA, told Congress Nov. 5 his trade association supports the Corker-Warner bill's general approach to housing finance reform, but he suggested several areas in need of improvement.
I owe the NCUA's public affairs office a round of drinks. Probably more than one.
In their quest to make long-lasting connections with Gen Y, some credit unions are learning the hard way that authenticity may be the key. With their ability to see through fake attempts to be hip, Millennials instead crave details on how financial products and services will benefit them—and the answers...
In the search for the answer of how to reach Millennials, a good start may be to focus on the basics of being present, listening and customizing relevant solutions and experiences.
Young adults are considered the target market and they're high on the agenda of most credit unions, which is the future of our consumer base and our lending portfolios. By targeting young adults and generating loyalty, credit unions can create a lasting and profitable relationship with this growing demographic.
This graphic shows how and where younger consumers can be engaged, and where it's happening now.
We are Gen Y and the “why” is how you need to rethink everything you know about marketing because we're a cohort over 80 million strong in the U.S. alone, who, by the middle of the next decade, will constitute over a third of the workforce.
The problem of snowballing student loan debt is well-documented in what seems like a weekly ritual in the media. While it is true that graduates are often left with numerous loans, each with different payment schedules and terms, we hear precious little about solutions.
A Nov. 1 Inspector General report said NCUA divisions reported different estimated share insurance fund loss amounts for all six purchase and assumption agreements completed during a 2012 review period.
Charles Bumbarger, president/CEO of the $482 million University Credit Union in Los Angeles, announced he is retiring at the end of the year.
The Credit Union League of Connecticut's board of directors on Nov. 5 appointed Jill Nowacki as the its new president/CEO. Nowacki replaces Tony Emerson, who in April was named the president/CEO of the $495 million IC Federal Credit Union in Fitchburg, Mass.
The $5.6 billion Randolph-Brooks Federal Credit Union's newly updated Android app provides members with an always-on, always-updated account balance widget featured on the device's home screen.
The NCUA posted a three-part Consumer Protection Update on its consumer website MyCreditUnion.gov that explains new mortgage lending and international remittances rules required under the Dodd-Frank Act.
Eight credit unions and PSCU launch a website aimed at young consumers.