Authorities finally captured former Taupa Lithuanian President/CEO Alex R. Spirikaitis Oct. 21, who had been a fugitive since July until he was nabbed by federal agents while walking on a sidewalk on Cleveland’s east side.
It’s been about a year since two employees at the $1.6 million Enterprise Credit Union pleaded guilty to embezzling almost $1 million over a period of 10 years, but the topic still fuels the gossip mill in the small Kansas town. And, according to one prominent resident, the incident reduced...
The ongoing fight over federal debit interchange regulations entered its newest round Oct. 21 as the Federal Reserve filed its appeal that seeks to reverse a July 31 District Court decision overturning its current rule.
NASHVILLE, Tenn.—Ways the credit union industry can remain relevant and thrive were discussed during a Not for CEOs panel during the CU Water Cooler Symposium at the Frist Center for the Visual Arts here.
Heartland Payment Systems, the fifth largest U.S. payments processor, launched a decoupled debit card aimed at a local market that could become a significantly disruptive force in similar markets nationwide.
Des Moines, Iowa-based payments innovator Dwolla announced on Oct. 22 a rollout of a new credit product that will allow approved customers to access credit and spend it online at a network of merchants.
Gigi Hyland said she looks forward to helping the National Credit Union Foundation further clarify its mission and become an integral part of credit unions’ ongoing mission to better serve members.
As the number of mergers permeating the credit union industry continues to rise, some CUSOs might be considering following that same path.
Technological advancements are changing the ways credit unions comply with fair lending laws.
Credit unions were likely not around during William Shakespeare’s time but that hasn’t stopped Member One Federal Credit Union from using his poems and plays to reach out to its employees.
The job duties of an NCUA examiner have some similarities to those of Credit Union Times reporters.
Abraham Maslow would have been a great recruiter. The groundbreaking psychologist described human needs from the bottom up: people first seek physical survival, then safety, then belonging and acceptance, and finally a life in which they can create and positively affect others. The work world follows a similar progression as...
When asked recently what HR’s two primary challenges are, the issues that quickly come to mind as an HR practitioner and strategic thinker are navigating through the stormy sea of the Affordable Care Act, more commonly known as Obamacare, and talent management.
Lenders need to be prepared for continual and often rapid shifts in the economy.
The NCUA approved 18 mergers across 14 states in September, bringing the total number of consolidations to 190 so far this year, according to the agency’s monthly Insurance Activity Report.
If a credit union or other mortgage lender makes the business decision to only offer qualified mortgages, that fact alone would not increase the likelihood of a fair lending exam.
New mortgage lending rules from the Consumer Financial Protection Bureau could affect the willingness of credit unions to offer new mortgage loans, a new CUNA survey showed.
The NCUA would not confirm an Oct. 21 report that it has agreed to a tentative settlement with JP Morgan over mortgage-backed securities sold to failed corporate credit unions. The NCUA filed suit against JP Morgan Securities in June 2011, seeking to recover more than $800 million in losses to...
The Credit Union Association of New York announced the promotion of three employees.