Southern California locations take the biggest hit in the nationwide fraud scheme.
Half use the funds to launch a new product or service, the NCUA says.
Private insurance could be an easy way out for credit unions wishing to become banks. But will the FDIC welcome them in?
CU Times' card services reporter experiences a breach, and is less than impressed by his credit union's response.
Payment processors say CUs are behind pace to upgrade to EMV chips by October 2015 and may face fraud loss liability.
Study on overdrafts caused by debit transactions also finds courtesy pay services drastically increase fees paid by consumers.
Former state official says a California chartered credit union has never converted to a bank.
A 2011 opinion letter says state chartered credit unions could convert through a purchase and assumption transaction.
While the Urban Institute calls the statistic alarming, it says the ratio is not a new trend.
Those who help credit unions turn into banks say business is picking up.