Mobile banking has created new opportunities for consumers and criminals alike, and some of the greatest vulnerabilities stem from the same factors that make banking by cell phone so attractive, industry observers and participants say.
As far as some people are concerned, if you're a CEO, you're a whale.You could be a target, and so could your business accounts. After all, why would criminals want to scam
More than four months after United Airlines and Continental Airlines announced merger plans that would make the two the largest single carrier in the world, the credit unions serving their employees are following suit.
Making good on a long offered promise, CO-OP Financial Services announced last week that it will start processing credit card transactions in early 2011.
After a last minute whirlwind of appeals to President Obama and Congress to consider legislation that would increase the member business lending cap, both CUNA and NAFCU are urging credit unions not to let up.
Credit unions will need to focus on finding new members and improving their loan penetration to compensate for a long-term drought in loan demand, leading CU economists said.
American Share Insurance announced a 15 basis point special premium assessment on the credit unions that use the private firm to insure their deposits. The firm said it insures member deposits up to $250,000 at 150 state-chartered credit unions.
Both CUNA and NAFCU announced efforts last week to address what they claimed were increasingly difficult and contentious relationships their member credit unions have been experiencing with their NCUA examiners.
Stressing that "not all credit unions are suffering," a group of Los Angeles CUs did media damage control after an article in a local business journal highlighted poor credit union performance.
To mark its 75th anniversary next year, Heartland Credit Union of Madison, Wis., has opted to raise awareness of the valuable services local nonprofits provide.
Michigan's weak real estate market has brought at least one bit of good fortune to University of Michigan Credit Union-a bargain price on new headquarters.
The Austin, Texas-based BancVue Ltd, a product development and marketing company that serves community financial
Iowa company Troy Elevator is familiar with starting a business during uncertain times, having gotten its start on the eve of the Great Depression
Credit cards led the way in what was overall very weak credit union loan growth in the second quarter, according to data reported to the NCUA.
Southern Wisconsin's poor economy and bad commercial real estate loans apparently figured in the Sept. 1 failure of the $137 million First American
You're probably seeing mortgage defaults drop, but it could be another five years before they return to the level of the 1990s.
Representing one of the world's fastest growing credit union movements, 12 representatives from Uzbekistan's Central Bank arrived at WOCCU's Madison, Wis. headquarters late last month to explore best practices and other strategies.
From both the business and humanitarian side, the military drawdown in Iraq is generating scores of new products, projects and services for U.S. military
On two fronts, the $725 million Aloha Pacific Federal Credit Union of Honolulu is expanding. It's buying a branch from the troubled Silver State Schools CU in Las Vegas and merging with a small, faith-based CU.
A recent segment on ABC's "Good Morning America" shined a spotlight on the credit unions difference.
The $629 million Clearview Federal Credit Union of Pittsburgh completed a merger pact with the $61 million A-K Valley FCU of Lower Burrell, Pa., providing
The $635 million Charter Oak Federal Credit Union has sold the assets of an insurance firm operating through its CUSO.
The Apple iPad-what it can do and a chance to win one-will be the topic of a series of seminars being presented in October
Fiserv Inc. said it now has signed 150 credit unions has users of Mobile Money platform.
CP Federal Credit Union in Jackson, Mich., said it will begin using the MoneyTracker Better Online Banking platform from Jwaala of Austin, Texas.
Leigh Philibosian, formerly senior vice president of marketing at the $3.5 billion Mid-Atlantic Corporate FCU, has joined the Harrisburg, Pa.-based media planning and placement firm Target Media.
After applying for an SBA disaster loan in October 2005, a New Orleans seafood processor damaged by Hurricane Katrina didn't get approved until May 2006 and didn't receive the funds until October 2006.
New York Gov. David A. Paterson (D) recently signed legislation that will enable insurance companies to deposit funds in credit unions.
CEO Thomas Bonds confirmed to Credit Union Times that his $3.6 billion Corporate America Credit Union has hired NCUA Corporate Field Supervisor
The world's third largest credit union movement celebrated its 50th anniversary Sept. 7 in the Republic of Korea. Currently, 1,000 credit unions in South Korea
I really liked this blog post by Filene's Brent Dixon regarding the value of trust for credit unions
Mark V. Hurd resigned last month as chief executive of Hewlett-Packard, bringing into question some extremely complex financial, strategic and governance issues.
What if 75% of credit unions used a single security systems company? Imagine the power that single company would have. Let's assume that single security company did a great job, year after year. Is that really healthy for the credit unions?
The $500 million Hughes Federal Credit Union of Tucson has hired the University of Arizona head basketball coach as its new TV spokeswoman under a campaign aimed at tying the CU brand closer to college athletics.
Nutmeg State Federal Credit Union has named former Dade County Federal Credit Union Executive Vice President John Holt as its new president/CEO.
The sheer speed with which the iPad has become a household name has been remarkable, analysts and industry observers said, and that success has
Skyline's DirectFED Payment Solutions said it has signed the $124 million Right Choice Credit Union of Houston and the $4.2 million University of
Interest is in online personal finance management tools is relatively high but usage is low and consumers appear to be far more likely to use such tools
A London-based online security specialist is now testing a new way of verifying card transactions that its CEO said will turn the problem of false positives "on its head."
Perhaps one of the most revolutionary of the online banking revolution is the ability for members to scan checks and deposit them electronically, a natural